Roblox inventory dips on decrease than anticipated November person numbers

A baby appears to be like again at a banner for Roblox, exhibited to rejoice the corporate’s IPO, on the entrance facade of the New York Inventory Change (NYSE) in New York, March 10, 2021.

Brendan McDermid | Reuters

Shares of Roblox dipped greater than 10% Wednesday after the corporate launched its November metrics, exhibiting a decline in each day lively customers from October.

The online game firm reported 49.4 million each day lively customers in November. Whereas it is up 35% year-over-year, that is down from the primary 27 days of October, when the corporate reported 50.5 million each day lively customers. Roblox confronted an outage between Oct. 28 and Oct. 31, which triggered a decline in each day lively customers, in addition to $25 million in misplaced bookings.

“Based mostly on administration’s commentary with 3Q21 earnings together with October efficiency, outcomes got here in barely beneath our expectations and appeared to path the historic pattern line whereby November usually experiences a modest sequential uptick vs. October,” Stifel analysts stated in a word Wednesday.

KeyBanc analysts stated the drop might carry over into December and impression This fall totals.

“Contemplating administration has additionally stated December is roughly 80% bigger than the October/November ranges, we imagine this implies 4Q numbers are more likely to come down within the instant time period,” KeyBanc stated in a word to buyers Wednesday. “We had been beforehand roughly $800M in bookings for 4Q but when these traits held, which now would appear to point nearer to $780M. Our mannequin is underneath evaluate.”

Roblox stated estimated common bookings per each day lively person was between $4.21 and $4.27, or down 8% to 9% year-over-year. On the identical time, estimated bookings for November had been between $208 million and $211 million, up 22% to 24% year-over-year.

— CNBC’s Michael Bloom contributed to this report.

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