The news: Roblox announced Q3 earnings that soared past expectations, reversing the narrative of a difficult month for the gaming and metaverse company.
By the numbers:
- Revenues: $919 million, up 29%. Bookings, the company’s primary metric, were up 34% at $1.13 billion.
- Daily Active Users (DAU): 88.9 million, up 27% YoY. Hours engaged reached 20.7 billion, up 29% YoY.
- Bookings per DAU: $12.7, up 6% YoY.