Roblox 2Q22 preview: DAU growth for 2Q may trail consensus
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$Roblox (RBLX.US)$ is expected to report 2Q22 earnings after the bell on August 9th ET. The Bloomberg consensus estimate for Roblox's revenue is $657.200 million, up 74.42% YoY; and theadjusted net income of -$81.377 million.
Key takeaways：
1. Daily active user count slowdown in the US and Canada may have persisted in 2Q
DAU growth for 2Q may trail consensus for 25% due to reopenings, as Sensor Tower mobile-app data shows that Roblox user gains slowed to a high single-digit rate. Weakened near-term engagement by its core US 9-12 year old cohort and aggressive expansion overseas in less monetized regions may result in an ABPDAU drop of about 23%, Bloomberg calculates.
2. Rising share of users, engagement with older players critical to long-term growth potential
Roblox could see ad dollars shifting to its platform amid IDFA headwinds for social-media companies. Investments beyond games into music and shopping experiences with big brands, like Spotify Island, will remain key to winning older age groups and aiding its bookings trajectory.
3. Bookings might have dipped by around 6% in 2Q amid tougher comparisons, fewer hours engaged by the core user cohort
Roblox's bookings growth could inflect in 3Q as it starts to lap difficult pandemic comparisons, when engagement and average bookings per daily active user (ABPDAU) spiked, particularly in the US and Europe.
Operating Expectations and Ratings：
Bloomberg's consensus estimates for Roblox's 2Q22 results are revenue of $657.200 million, up 74.42% YoY; adjusted net income of -$81.377 million; and adjusted earnings per share of -$0.113.
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Wise Shark OP : $Roblox (RBLX.US)$
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