1 Big Positive Surprise From Roblox's Earnings
There's no real secret to how Roblox (NYSE: RBLX) managed to outperform analysts' expectations for gross bookings last quarter. "It really is a combination of more users spending more time with us and spending more money," CFO Michael Guthrie said during the company's Q1 earnings call.
The math is simple, and it suggests gross bookings -- a key metric for Roblox -- will continue to accelerate going forward after falling during the first half of 2022. The figure providing the greatest confidence in that regard is average bookings per daily active users (ABPDAU). And that number is just starting to contribute to Roblox's growth.
Roblox posted strong growth in bookings per DAU during the height of the COVID pandemic, but it's seen pressure on the metric recently due to a number of factors.
Source Fool.com
