It's also been making progress in newer regions like Latin America and Southeast Asia. If Roblox maintains that momentum in February and March, its growth could accelerate significantly in the first quarter.ĭuring the conference call, CFO Mike Guthrie said Roblox's business was indeed "accelerating" as it attracted younger users, retained its "aged-up" users, and generated "incredibly strong growth" in its strategic overseas markets like Western Europe and East Asia. In January, Roblox estimates that its bookings increased 19%-21% year over year, its DAUs rose 19% to 65 million, its hours engaged climbed 19% to 5 billion, and its ABPDAU rose 0%-2%. Its growth could accelerate again in 2023 However, the gradual stabilization of its ABPDAU indicates it's monetizing those international and older users more effectively. Roblox's ABPDAU declined over the past year as it pursued overseas and older users, who generally buy fewer Robux than its core market of younger users in the U.S. That's why its total bookings growth still accelerated from the previous quarter.
YOY = Year over year.īoth growth rates decelerated from the third quarter, but that slowdown was offset by a milder decline in its ABPDAU - which only dipped 2% year over year (and rose 28% sequentially) to $15.29 in the fourth quarter. In the fourth quarter, its DAUs rose 19% year over year to 58.8 million as its total hours engaged increased 18% to 12.8 billion.ĭata source: Roblox. But if we look at the past five quarters, we'll notice that its growth rates gradually stabilized in the second half of 2022. But as the lockdowns ended and those players returned to school, Roblox's growth in bookings, daily active users (DAUs), hours engaged, and average bookings per DAU (ABPDAU) cooled off.Īfter soaring 82% in 2020, Roblox's bookings increased 45% in 2021 and grew a mere 5% in 2022. Roblox's growth accelerated during the pandemic as younger users stayed at home and played more games on its platform. They can share those games with other players and monetize them to earn an in-game currency called Robux. Roblox's gaming platform enables its users to create simple block-based games without any coding knowledge. Will its post-earnings pop pave the way toward a stronger recovery through the end of 2023?
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