The business posted a net loss of roughly $268.3 million in the first quarter - up from a loss of $160.2 million in the prior-year quarter.

On other hand, Roblox isn't profitable yet. Meanwhile, the business posted non-GAAP (adjusted) free cash flow (FCF) of $81.9 million in the quarter, and operating income of $173.8 million. Thanks to continued user growth, bookings in the quarter rose 23% compared to the prior-year quarter and reached $773.8 million. Total daily active users on the company's platform jumped 22% year over year to reach a record 66.1 million, and total combined engagement hours from all users of the service rose 23% to reach 14.5 billion. The company is an early leader in the metaverse space, and its online virtual world has become enormously popular - particularly with children and teenagers.Īfter seeing user engagement and bookings growth stagnate as the business lapped periods of performance elevated by pandemic-related conditions, Roblox is back to posting strong growth. First launched in 2006, Roblox is a platform that houses a wide range of gaming and social experiences.

Roblox stock symbol