Roblox Stock After December Update Shows Rise In Bookings

Raphael Henrique | SOPA Images | light flare | Getty Images

Shares of Roblox jumped 13% on Tuesday after the game company released its December 2022 metrics report. It showed estimated bookings were between $430 million and $439 million for the month, up 17% to 20% from one year to the next.

Roblox calls its turnover reservations. The company generates revenue through sales of its virtual currency called Robux, which players use to dress up their avatars and purchase other premium features in games.

Daily active users increased by 18% from December 2021 to 61.5 million users.

Roblox’s average bookings per daily active user were between $6.99 and $7.14 for the month, reflecting a -1% to +1% year-over-year variation.

The December report appeared to encourage investors after Roblox shares closed 15.7% when the company released its November trading update. This report showed slowing growth and declining revenue from its daily users.

Chief Commercial Officer Craig Donato told CNBC’s Steve Kovach in August that Roblox is optimistic about the future because of its investments in its people, server capacity and global data centers.

Roblox shares are up over 30% year-to-date.

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