Roblox's annual revenue doubled and approached $2 billion. However, its shares began to fall
Roblox reported for the fourth quarter and the whole of 2021. Despite the impressive revenue growth, not all investors were satisfied with the overall growth rate of the company. Because of this, during extended trading, Roblox shares sank by almost 20%.Financial indicators for the fourth quarter (ended December 31)
Revenue amounted to $568.8 million — an increase of 83% year-on-year.
- Receipts (bookings) reached $770.1 million — an increase of 20% in annual terms.
- DAU Roblox was held at the level of 49.5 million users, which is 33% more in annual terms.
- The amount of revenue per active user per day (ABPDAU) was $15.57.
- Financial indicators for the whole of 2021
Revenue amounted to $1.9 billion — an increase of 108% year-on-year.
- Receipts reached $2.7 billion — an increase of 45% in annual terms.
- The DAU of the platform reached 45.5 million people — 40% more compared to 2020.
- The ABPDAU indicator reached $59.85.
- According to Reuters, in the fourth quarter, Roblox slightly failed to meet analysts’ expectations.
They predicted that the company’s revenues would amount to $772 million, not $770 million. Roblox also reported a much more significant loss per share of $0.25 per security (against $0.13, which Wall Street analysts expected).
On
Tuesday, at the close of trading, Roblox shares stopped at $73.3 per share. However, during extended trading, they fell by almost 20% to $62.1 (at the time of writing the news). So far, the exchange is still closed.According to Brandon Ross, an analyst
at LightShed Partners, the short-term results disappointed investors. However, they still hope for positive growth dynamics in the long term, given the growth of the user base and its involvement.
Roblox CEO David Baszucki also acknowledged a slowdown in growth compared to some quarters of 2020, when individual metrics showed twofold and even threefold growth. This is partly due to the fact that in the USA now many children have returned to school and have begun to spend more time doing various activities unrelated to video games.
According to Bloomberg, in the first month and a half of 2022, Roblox shares sank by 29%.
