![]() ![]() ![]() We delivered operating and financial metrics that in general improved materially throughout the year and look even better as we start 2023. Roblox' Q4 Reporting Bullish Going Into 2023 Moreover, Roblox' user engagement was strong across geographies and age groups, with the age group of between 17 and 24-year-olds continuing to be the fastest growing segment. Notably, while the Q4 results as a whole were not necessarily spectacular, investors should consider that the performance accelerated in December, with average DAU of 61.5 million up about 19% year over year, total hours engaged totaled 4.7 billion up 21% over Q4 2021 and bookings of about $430 million, up 20% respectively. Net loss expanded to $291.5 million, as compared to a net loss of about $147.3 million for the same period one year earlier. Roblox's adjusted EBITDA for the period came in at $183.0 million, or 20.3% of bookings. Roblox closed FY 2022 reporting a strong holiday quarter, beating analyst estimates with regards to both topline and earnings.ĭuring the period from September to the end of December, Roblox generated total revenues of $579 million, which compares to $569 million for the same period one year prior (2% year-over-year growth) and as compared to consensus estimates of about $560 million (according to data collected from Refinitiv). On the backdrop of faster than expected DAU growth, I update my 2030 expectations for Roblox and I now calculate a fair implied share price equal to $58.20/share. In fact, as Roblox continues to innovate, grow its user base, and capture consumer engagement, I believe the company is one of the market's most attractive growth investment opportunities. And reflecting on a strong Q4 2022 reporting, paired with exceptional user growth in January, I am confident to reiterate a Buy rating for RBLX despite the company's rich FWD x7 EV/Sales valuation. Roblox ( NYSE: RBLX) stock is up approximately 30% since I argued to 'Buy The Dip'.
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