By Senad Karaahmetovic
Roblox (NYSE:RBLX) is trading sharply higher in pre-open Tuesday after the company presented key metrics for the month of December 2022.
Roblox reported the number of daily active users (DAUs) soared 18% year-over-year (YoY) to 61.5 million while hours engaged increased 21% YoY to 4.7 billion.
As a result, estimated revenue was in the range of $189M - $199M, a decline of between 1%-6%. Estimated bookings were between $430M - $439M, up 17%-20%. Finally, estimated average bookings per daily active user (ABPDAU) were between $6.99-$7.14, which represents a YoY change of -1% - +1%.
“The strengthening of the US Dollar against foreign currencies during 2022, particularly the Euro and British Pound, has had an adverse impact on revenue, bookings and average bookings per daily active user,” the company added in a statement.
“On a constant currency basis, we estimate our year-over-year December 2022 revenue decline would have been between -5% - 0%, our year-over-year December 2022 bookings growth would have been 20% - 22% and our year-over-year December 2022 ABPDAU growth rate would have been 1% - 3%.”
Roblox also said that it will cease publishing monthly metrics after April 2023 (report covering March).
As of 09:00 ET (14:00 GMT), Roblox shares are up almost 15%.