Roblox Corp RBLX reported second-quarter FY23 Bookings growth of 22% year-on-year to $780.7 million.
The revenue grew by 15% Y/Y to $680.8 million, missing the consensus of $784.9 million. EPS loss of $(0.46) missed the consensus loss of $(0.45).
Average Daily Active Users (DAUs) were 65.5 million, up 25% Y/Y. Hours Engaged were 14 billion, up 24% Y/Y.
Average monthly unique payers were 13.5 million, up 19% year-over-year.
Average Bookings per DAU (ABPDAU) was $11.92, down 3% Y/Y. Investors are reacting to the slowing growth.
Roblox generated $28.4 million in operating cash flow.
"This is our second consecutive quarter with year-over-year bookings growth in the low-20s. During the quarter, we also built the plans that we believe will enable us to generate operating leverage against infrastructure and trust & safety spend starting next quarter and against compensation expense starting in the first quarter of 2024," said Michael Guthrie, chief financial officer of Roblox.
Price Action: RBLX shares traded lower by 20.503% at $30.01 on the last check Wednesday.
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