The Clap
In Q2 2022, Roblox (NYSE: RBLX) recorded a loss per share of 30 cents as well as $639.9 million in revenue, both lower than analysts’ expectations.
The Deets
The news dropped Roblox’s shares by more than 12%. The number of active users also decreased from Q1 by 1.9 million, reaching 52.2 million average daily users.
What does the Future Hold?
Roblox’s CEO is optimistic for the future, as he feels the company’s investments will pay off in the coming few years.
He claims the company’s investment in its employees, server capacity, and global data centers help in building a foundation for future success.