Roblox (RBLX) Q2 2022 Earnings Results

By Amit Chowdhry ● Aug 10, 2022
  • Roblox (RBLX) recently announced its Q2 2022 earnings results. These are the details.

Roblox (RBLX) recently announced its Q2 2022 earnings results. Below are the highlights.

Q2 2022 Financial Highlights

— Revenue was $591.2 million, up 30% year over year

— Net cash provided by operating activities of $26.5 million; Free cash flow was $(57.3) million

— Bookings were $639.9 million, down 4% year over year

— Average Daily Active Users (DAUs) were 52.2 million, up 21% year over year

— Hours Engaged were 11.3 billion, up 16% year over year

— Average Bookings per DAU (ABPDAU) was $12.25, down 21% year over year

KEY QUOTES:

“We are driving record levels of users and engagement globally as we execute on our innovation roadmap and broaden the appeal of Roblox across geographies and age groups. We continue to make progress on key operational and product initiatives to enhance the long-term value of the Roblox platform.”

— David Baszucki, chief executive officer of Roblox

“We remain focused on investing in strategic areas that we believe will drive platform growth and monetization. We have a tremendous opportunity as we continue to define the future of this new immersive co-experience category.”

— Michael Guthrie, chief financial officer of Roblox