Roblox Corp (NYSE:RBLX) is trading lower Wednesday morning after the company announced its November metrics.
Roblox said daily active users were 49.4 million, representing an increase of 35% year-over-year. Hours engaged totaled 3.6 billion, representing an increase of 32% year-over-year.
Roblox said estimated bookings for the month were between $208 million and $211 million. However, estimated average bookings per daily active user were between $4.21 and $4.27, representing a decrease of 8% to 9% year-over-year.
The company said revenue is estimated to be between $184 million and $187 million, representing an increase of 84% to 87% year-over-year.
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Roblox operates an online video game platform that lets young gamers create, develop and monetize games for other players.
RBLX Price Action: Roblox has traded as high as $141.59 and as low as $60.50 over a 52-week period.
The stock was down 8.57% at $98.44 at time of publication.
Photo: courtesy of Roblox.
