Roblox Reports December 2022 Key Metrics
January 17 2023 - 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 December 2022.
December 2022 Key Metrics
- Daily active users (DAUs) were 61.5 million, up 18%
year-over-year.
- Hours engaged were 4.7 billion, up 21% year-over-year.
- Estimated revenue was between $189 million and $199 million, a
decline of between 1% - 6% year-over-year.1
- Estimated bookings were between $430 million and $439 million,
up 17% - 20% year-over-year.1
- Estimated average bookings per daily active user (ABPDAU) were
between $6.99 and $7.14, which represents a year-over-year change
of -1% - +1%.1
[1] The strengthening of the US Dollar against foreign
currencies during 2022, particularly the Euro and British Pound,
has had an adverse impact on revenue, bookings and average bookings
per daily active user (ABPDAU). By adjusting revenue, bookings and
ABPDAU for constant currency, we are able to provide a framework
for assessing how our business performed excluding the effect of
foreign currency rate fluctuations. Constant currency is calculated
by converting our current period revenue, bookings and ABPDAU into
U.S. dollars using the comparative prior period’s monthly exchange
rates for our non-USD currencies.
We estimate that the impact of foreign currency fluctuations led
to a reduction of approximately 1% in the year-over-year growth
rate for December 2022 revenue and 2% - 3% in the year-over-year
growth rate for December 2022 bookings. Thus, on a constant
currency basis, we estimate our year-over-year December 2022
revenue decline would have been between -5% - 0%, our
year-over-year December 2022 bookings growth would have been 20% -
22% and our year-over-year December 2022 ABPDAU growth rate would
have been 1% - 3%.
Discontinuation of Monthly Key Metrics Releases
Following the expected release of our March 2023 monthly metrics
in April 2023, the Company will cease publishing monthly metrics.
By April, we will have published monthly metrics over our first
eight quarters as a public company. While we think that has
provided incremental information to investors regarding the
seasonality of the business, we have decided to cease providing
monthly metrics to align our reporting cadence with our value of
taking the long view. Key metrics will continue to be published on
a quarterly basis aligned with the Company’s other quarterly
disclosures, including its shareholder letter and other quarterly
publications.
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 December
2022 Key Metrics are forward-looking statements and are based on
current plans, expectations, estimates, forecasts, and projections
as well as the beliefs and assumptions of management, and our plans
for publishing monthly key metrics. 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 reports on Form 10-Q and annual reports on Form 10-K 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. © 2023 Roblox Corporation. All rights
reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20230117005375/en/
Stefanie Notaney Roblox Corporate Communications
press@roblox.com
Roblox (NYSE:RBLX)
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