Roblox released its Q4 and full-year 2022 earnings on Wednesday, reporting better-than-expected results. The video game developer generated $579M in revenue on $899.4M in bookings, up 17% YoY. Roblox reported a Q4 net loss of $289.9M, or 48 cents a share, a steeper loss from the net loss of $143.3M, 25 cents a share, reported in Q4 2021.
- Daily Active Users rose to 58.8 million in the quarter, up 19% YoY.
- Average bookings per daily user were $15.29, down 2% YoY.
- Roblox users spent 12.8 billion hours on the platform in Q4, up 18% YoY.
- Full-year revenue was $2.2B, up 16% YoY, and bookings for the year were $2.9B, up 5% YoY.
- Roblox shares were up more than 25% during afternoon trading on Wednesday following its earnings report.
- It closed at $45.08, up more than 26.38% for the day.
