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Highlights
- Roblox’s revenue increased 102% YoY to US$509.3 million. The company’s bookings were also up 28% YoY to US$637.8 million, while the free cash flow was US$170.6 million.
- Its net cash from operating activities was US$181.2 million, and the free cash flow increased was US$170.6 million, an increase of 7% from the year-ago period.
- Roblox CEO David Baszucki said the company would continue to invest in innovative technologies to enable its developer community to “build and create.”
Roblox Corporation (NYSE:RBLX) stock jumped over 29% in after-hours trading after reporting a sharp increase in bookings to US$637.8 million in the third quarter of fiscal 2021.
Roblox CEO David Baszucki said users spent over 11 billion hours on the platform, contributing US$130 million in earnings in the latest quarter. He said the company would continue to invest in innovative technologies to enable its “developer community to build and create.”
The third quarter saw robust growth across Roblox’s core metrics, including DAUs, hours, and bookings, said CFO Michael Guthrie. He added that despite significant investments, the company generated healthy cash from operations in the quarter.
Third-Quarter Financial Highlights
Roblox’s revenue increased 102% YoY to US$509.3 million. The company’s bookings were also up 28% YoY to US$637.8 million, while the free cash flow was US$170.6 million.
The San Mateo, California-based online gaming company’s average daily active users (DAUs) jumped 31% year-over-year to 47.3 million. Also, its average bookings per DAU was US$13.49 in the period.
However, its net loss attributable to common shareholders was US$74.0 million.
Its net cash from operating activities was US$181.2 million, and the free cash flow increased was US$170.6 million, an increase of 7% from the year-ago period.
Also Read: PayPal (PYPL) revises guidance after Q3 revenue soars
Source: Pixabay
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Stock Performance
The Roblox (RBLX) stock traded at US$99.90, up 29.74% in the after-hours trading session at 7:30 pm ET. The stock price gained more than 42% in the past 30 days.
Its 52-week highest and the lowest prices were US$103.87 and US$60.50, respectively. In addition, its forward P/E one-year ratio is -83.86. Roblox’s current market cap is about US$44.28 billion.
Bottomline
The US indices are closing at record highs in recent sessions, boosted by strong third-quarter earnings of companies. According to analysts, around 80% of the S&P 500 companies reported so far have beat Wall Street expectations. The financial companies were among the top performers in the latest quarter. Investors, however, should evaluate the companies carefully before investing in the stock market.
