(Roblox) Shares of Roblox fell by more than 15% in premarket on Wednesday after the company’s bookings revenue in the fourth quarter of 2021 rose 20% to $770.1 million. The bookings were below estimates of $786.2 million.
In January alone, bookings were between $220 million to $223 million, up 2% to 3% from the prior year. In FY21, Roblox’s bookings were reported at between $220 million and $223 million, an increase of 2% to 3% from the prior year.
Roblox managed a revenue of $568.8 million in the fourth quarter, up 83% from the prior year. In FY21, revenues rose 108% to a record $1.9 billion.
The company widened the net loss from operations to $139.65 million in the fourth quarter, from $68.61 million in the prior year.
The company said that its average daily active users rose by 33% in the fourth quarter to 49.5 million, slightly missing estimates of 50.5 million. FY21 DAUs were 45.5 million, up 40% from the prior year.
Average bookings per DAU in the fourth quarter was $15.57 and $59.85 in FY21.
The company reported a 28% surge in hours engaged to 10.8 billion in the fourth quarter. The hours engaged rose 35% year-over-year to 41.4 billion in FY21.
RBLX: NYSE is down -15.28% on premarket.
