Roblox to Stop Releasing Monthly Metrics After March
January 17 2023 - 09:34AM
Dow Jones News
By Will Feuer
Roblox Corp. said it would stop providing monthly updates on key
metrics as it seeks to shift attention to long-term corporate
prospects.
The company, which operates a metaverse-like online gaming
experience where users play and transact in virtual worlds, said it
would stop reporting monthly figures after it releases its March
metrics, expected in April.
Since the company went public in 2021, Roblox has released
monthly figures which include estimated revenue, daily active users
and hours of engagement.
"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," Roblox said.
Shares of Roblox are down about 58% over the past 12 months,
having been hit hard amid a broader sell-off in technology
stocks.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 17, 2023 09:19 ET (14:19 GMT)
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