Get the latest tech news
Roblox reports Q1 bookings of $923.8M, up 19%, but stock plunges on weak Q2 outlook
Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak results.
Secure your spot now and join us in LA for an unforgettable two days experience exploring the theme of resilience and adaptation. “Our teams have been hard at work identifying opportunities to drive DAUs, Hours, and bookings growth rates back to 20% year-over-year. As a result, this past quarter we produced record amounts of operating and free cash flow,” said Michael Guthrie, chief financial officer of Roblox, in a statement.
Or read this on Venture Beat