![]() In Q1, ABPDAU fell by 25% from the same time last year. Additionally, average bookings per daily active user (ABPDAU) are falling. That was the fourth consecutive quarter when engagement failed to grow year over year. and Canada, its most lucrative region, decreased by 10% year over year in Q1. For instance, engagement from users in the U.S. That said, there are still signs of a continued slowdown in some parts of its business. Impressively, it added players even as economies reopened and kids returned to classrooms. As of April, Roblox boasted 53.1 million daily active users, up 23% from the same time last year. Some items and experiences on the platform require Robux to enjoy and are unavailable to non-paying players. The company makes money by selling an in-game currency called Robux. Note that Roblox is free to join and use and is most popular among the younger population. Roblox is capitalizing on an untapped opportunity Let’s look closer at some of the Q1 figures and determine if investors should buy the stock now. The update assuaged some of those concerns, but Roblox stock is still some 80% off its high even after the recent rise. The stock was under pressure for several quarters as investors worried about how customer engagement would adapt as economies reopened. Investors liked what they heard from the metaverse pioneer, and the stock price is shooting higher. The company then held a conference call to discuss the results on the morning following the announcement. ![]() Roblox (NYSE: RBLX) updated investors by releasing its first quarter of 2022 earnings on May 10.
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