Roblox (NASDAQ:RBLX) experienced a decline of more than 21% yesterday following the release of its second-quarter results.
The company reported a loss per share of 46 cents, which was worse than the anticipated loss of 44 cents per share. Bookings for the quarter reached $780.7 million, below the Street estimate of $785.4 million.
The revenue for the period reached $680.8 million, reflecting a 15% increase from the previous year. Impressively, the platform witnessed a substantial 25% surge in Average Daily Active Users (DAUs), reaching 65.5 million.
Moreover, the number of average monthly unique payers increased by 19% to 13.5 million. Hours of engagement on the platform also witnessed an impressive growth of 24%, reaching 14.0 billion.