Roblox has reported its fourth quarter results for 2022, pleasing investors with the news that bookings and engagement are up dramatically both on a quarterly and annual basis. While the top line numbers are generally positive, Roblox is also ramping up its spending to future-proof its operations.
Top line numbers
In the fourth quarter, Roblox bookings totaled $899.4 million, up 17% compared to Q4 2021’s $770.1 million. Controlling for inflation, this would have reached 21% year over year growth. Likely this was driven by Roblox’s growing audience. In Q4 2022, Daily Active Users (DAUs) reached 58.8 million, up 19% compared to this period last year. This tracked with hours engaged which rose to 12.8 billion (up 18%), but average bookings per DAU (ABPDAU) was down 2% to $15.29, from $15.57 in Q4 2021. This drop was driven by inflation as this would have grown 2% on a constant currency basis.
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