- Roblox Corp (NYSE: RBLX) released specific critical metrics for September 2022.
- Roblox's Daily active users (DAUs) grew 23% year-on-year to 57.8 million.
- User hours engaged were 4.0 billion, up 16% year-over-year.
- Roblox's estimated bookings were $212 million - $219 million, up 11% - 15% Y/Y.
- Estimated average bookings per daily active user (ABPDAU) were $3.67 - $3.79, down 7% - 10% Y/Y.
- Roblox's estimated revenue was $171 million - $180 million, implying a change of (-2)% - (+3)% Y/Y.
- On October 11, Barclays (LON:) analyst Mario Lu initiated coverage of video game developer hailing Roblox "as the only true metaverse today despite looming threats from Meta's Horizon Worlds and Manticore Games' Core."
- "While RBLX does have a large advertising opportunity ahead starting in 2023 with immersive ads, we view the stock as overvalued," trading at a valuation that is "more than two turns above the revenue multiples of its social media peers," Lu added.
- Price Action: RBLX shares traded higher by 15.30% at $41 in the premarket on the last check Monday.
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