![]() ![]() ![]() Users are growing across regions around the globe, including the United States and Canada. This trend is likely to have continued and impacted the overall second-quarter 2023 performance. The company witnessed strong usage growth in the first quarter of 2023, besides gains in booking and daily active users (DAUs), due to customers spending more time on its games. Roblox’s second-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform. Roblox Corporation price-eps-surprise | Roblox Corporation Quote Factors to Note Of course, the falling stock price will impact how valuable this is to employees with stock-based compensation.Roblox Corporation Price and EPS Surprise With its commitments to safety and an increasing focus on AI, Roblox likely hired top talent with lucrative stock packages. The biggest increases were seen in Infrastructure and trust & safety (up 66%) and Research and development (58%). Stock-based compensation is also a growing cost for Roblox, increasing 45% to $212.4 million compared to the same quarter last year. This a much higher share compared to Q2 2022, where this category of spending was equivalent to 24% of revenue or 22% of bookings. As a result, its personnel costs (excluding stock-based compensation) are equivalent to 30% of revenue or 26% of bookings. Roblox has about 2,400 employees today, about 500 more than it did in Q2 last year. ![]() Some of this increase is due to a higher headcount. Average bookings per DAU fell 3% to $11.92 compared to the same quarter last year, though it was up from Q1’s $11.70. Of course, these rising costs eat into Roblox’s margins. Roblox’s costs increased by 31%, or $233.3 million, compared to Q2 2022. While bookings and revenue (up 4% QoQ) did grow slightly, this was offset by increased costs. This is somewhat beneficial as older users played for longer on average. Year-on-year, users under 13 grew by 17% while users over 13 grew by 33%. Notably, Roblox users over 13 make up a slightly larger share of its player base (56%) than it did in Q2 2022 (53%). ![]()
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