Hours engaged were actually up 24% in a very positive sign the gaming platform continues to attract users to actually play games on the platform. In essence, Roblox is now topping 20% growth rates in key financial metrics and user engagement. Average bookings per monthly unique payer was $19.32, up 3% YoY, and also up 3% YoY on a constant currency basis.Average bookings per DAU (“ABPDAU”) was $11.92, down 3% YoY, and down 2% YoY on a constant currency basis.

Hours engaged were 14.0 billion, up 24% YoY.

Average monthly unique payers were 13.5 million, up 19% YoY.

Average Daily Active Users (“DAUs”) were 65.5 million, up 25% YoY.

Bookings were $780.7 million, up 22% YoY, and also up 22% YoY on a constant currency basis.

The company is now back to 20% growth.įor Q2'23 earnings, Roblox reported these key metrics: įor the last couple of years, Roblox has maintained strong growth in key user totals and engagement, but revenues and bookings struggled due to lapping aggressive spending during Covid.

My investment thesis is far more Bullish on the stock after the 20% dip to $30 following RBLX Q2 earnings. The mobile gaming platform is back to growth mode following the Covid volatility, but the market is now too worried about elevated investments in the future. The biggest issue facing Roblox Corporation ( NYSE: RBLX) entering Q2 2023 earnings was the elevated stock valuation.

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