By Sam Boughedda
Investing.com -- Roblox Corp (NYSE:RBLX) shares fell after-hours Tuesday after the company reported its fourth-quarter earnings.
Roblox announced a loss per share of 25 cents on revenue of $770.12 million. Analysts polled by Investing.com anticipated a loss per share of 13 cents on revenue of $763.29 million.
The San Mateo, California-based company said revenue for Q4 increased 83% compared to Q4 2020, while bookings increased 20%. The company's average daily active users (DAUs) were 49.5 million, an increase of 33% year over year, with hours engaged coming in at 10.8 billion, a 28% rise year over year and average bookings per DAU being $15.57.
In 2021, the company's revenue increased 108% compared to 2020, with bookings up 45% over 2020 to $2.7 billion. DAUs were 45.5 million, an 40% rise year over year and hours engaged were 41.4 billion, representing a 35% increase year over year.
"With nearly 55 million daily active users, Roblox is increasingly an integral part of people’s lives,” said David Baszucki, Chief Executive Officer of Roblox.
“As we look ahead to 2022, we will continue to develop our technology to enable deeper forms of communication, immersion and expression on our platform," he added.
In January 2022, Roblox revealed that revenue was between $203 million and $206 million, up 64% to 66% year over year with DAUs coming in at 54.7 million, up 32% from January 2021.
Following the report, Roblox shares have fallen over 15% to $61.82 in extended trading.