RBLX - Roblox Analysts Increase Their Forecasts After Q4 Results | Benzinga
Roblox Corp (NYSE: RBLX) reported an increase in revenue for its fourth quarter on Wednesday.
Roblox reported fourth-quarter FY23 Bookings growth of 25% year-on-year to $1.13 billion, beating the consensus of $1.08 billion. GAAP EPS loss of 52 cents beat the consensus loss of 55 cents. The revenue of the American video game developer grew by 30% Y/Y to $749.9 million, according to data from Benzinga Pro.
Average Daily Active Users (DAUs) were 71.5 million, up 22% Y/Y. Hours Engaged were 15.5 billion, up 21%Y/Y.
"We enter 2024 with even more conviction of being ...