Roblox Corp (NYSE:RBLX) shares are trading lower Wednesday after the company announced key metrics for May.
Roblox said daily active users in May increased 17% year-over-year to 50.4 million. Hours engaged climbed to 3.6 billion, up 10% year-over-year.
Estimated bookings in May were between $196 million and $199 million, representing a decrease of 9% to 11% year-over-year. Estimated average bookings per daily active user was between $3.89 and $3.95, representing a decrease between 23% and 24% year-over-year.
Roblox said it estimates monthly revenue to be between $194 million and $197 million, which is up 28% to 30% year-over-year.
Roblox operates an online video game platform that lets gamers create, develop and monetize games, or experiences, for other players.
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RBLX Price Action: Roblox has traded between $141.59 and $21.65 over a 52-week period.
The stock was down 2.37% at $25.50 at press time, according to data from Benzinga Pro.
Photo: courtesy of Roblox.
