Thndr Claps » U.S. Claps » NYSE 🔔 » Roblox shares fall on missed earnings results📉
Shares of Roblox, one of the world’s most popular gaming sites for children, fell more than 15% in extended trading after missing analyst expectations.
Roblox’s key metric
One of Roblox’s key metrics is bookings, which is measured as sales recognized during the quarter plus deferred revenue (revenue it still hasn’t provided a service for).
Bookings fell 3% in Q1-2022, further proving waning demand for gaming & streaming services after pandemic restrictions loosened up.
Roblox expects to continue making losses for the “foreseeable future”.
More on Roblox
Roblox’s bookings mostly come from its virtual currency “Robux”, which players can purchase with real money to spend in-game.
The company is also a relatively early believer in the metaverse, & has been exerting effort & resources towards its development.
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