Roblox Reports September 2022 Key Metrics
October 17 2022 - 8:30AM
Business Wire
Roblox Corporation (NYSE: RBLX), a global platform bringing
millions of people together through shared experiences, today
released certain key metrics for the month of September 2022.
September 2022 Metrics
- Daily active users (DAUs) were 57.8 million, up 23%
year-over-year.
- Hours engaged were 4.0 billion, up 16% year-over-year.
- Estimated bookings were between $212 million and $219 million,
up 11% - 15% year-over-year1.
- Estimated average bookings per daily active user (ABPDAU) were
between $3.67 and $3.79, down 7% - 10% year-over-year1.
- Estimated revenue was between $171 million and $180 million,
which represents a year-over-year change of -2% - +3%2.
1 The strengthening of the US Dollar against the Euro, British
Pound, and other foreign currencies during 2022 has had an adverse
impact on bookings. We estimate that the impact of foreign currency
fluctuations led to a reduction of approximately 6% in the
year-over-year growth rate for September bookings. On a constant
currency basis, we estimate bookings growth would have been 17% -
21% year-over-year and ABPDAU would have been down 2-5%
year-over-year.
2 During the quarter ended September 30, 2022, the Company
completed its quarterly assessment of its paying user life
estimate, which is used for revenue recognition of durable virtual
items and calculated based on historical monthly retention data for
each payer cohort to project future participation on the Roblox
Platform. Based on this assessment, the Company updated its paying
user life estimate to 28 months from 25 months in the prior two
quarters. As a result of this change in estimate, July and August
2022 estimated revenue (as reported on August 9, 2022 and September
15, 2022, respectively) were adjusted down by approximately $43
million and $38 million, respectively. These adjustments are not
reflected in the estimated revenue range for September. This change
in estimate also had no impact on bookings.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The estimated September
2022 Key Metrics are forward-looking statements and are based on
current expectations, estimates, forecasts, and projections as well
as the beliefs and assumptions of management. The forward-looking
statements included in this press release represent our views as of
the date of this press release. Forward-looking statements are
subject to a number of risks and uncertainties, many of which
involve factors or circumstances that are beyond our control. Our
actual results could differ materially from those stated or implied
in forward-looking statements or from Company expectations due to a
number of factors, including but not limited to risks detailed in
our filings with the Securities and Exchange Commission (the
“SEC”), including our quarterly report on Form 10-Q for the quarter
ended June 30, 2022 and other filings and reports that we may file
from time to time with the SEC. We anticipate that subsequent
events and developments may cause our views to change and all
monthly Key Metrics are subject to normal quarter end review and
potential adjustments. We undertake no intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of
this press release. Past performance is not necessarily indicative
of future results and quarterly performance may materially differ
from aggregation of the monthly Key Metrics for each month within
the quarter.
About Roblox
Roblox’s mission is to connect a billion people with optimism
and civility. Every day, tens of millions of people around the
world have fun with friends as they explore millions of immersive
digital experiences. All of these experiences are built by the
Roblox community, made up of millions of creators. We believe in
building a safe, civil, and diverse community—one that inspires and
fosters creativity and positive relationships between people around
the world. For more information, please visit corp.roblox.com.
ROBLOX and the Roblox logo are among the registered and
unregistered trademarks of Roblox Corporation in the United States
and other countries. © 2022 Roblox Corporation. All rights
reserved.
Source: Roblox Corporation
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version on businesswire.com: https://www.businesswire.com/news/home/20221017005203/en/
Stefanie Notaney Roblox Corporate Communications
press@roblox.com
Roblox (NYSE:RBLX)
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