Roblox jumps as the gaming giant tops Q1 estimates and user growth picks up steam
Bonus: no tariffs in the metaverse.
Roblox shares popped as much as 7% after the gaming giant beat Q1 estimates across the board.
The company’s net loss for the quarter narrowed to $0.32 per share, better than the $0.40 expected by analysts. Bookings, a key revenue metric, hit $1.2 billion, topping both Wall Street expectations and Roblox’s own guidance of $1.12 billion to $1.15 billion. Meanwhile, daily active users soared, growing 26% to 97.8 million.
“Roblox creators earned a record $281.6 million this quarter,” CEO David Baszucki said. “More than 100 developers made over $1 million in the past year — and the community is on track to earn over $1 billion this year.”
Roblox has been leveling up its ad business, recently launching rewarded video ads that let players watch 30-second clips in exchange for in-game perks. Brands will soon be able to buy these placements directly — or through Google.
Looking ahead, Roblox expects Q2 bookings between $1.17 billion and $1.19 billion, ahead of the $1.14 billion Wall Street forecast. Shares are up 90% over the past year.