Roblox Sees All-Time High Engagement With 66M Daily Active Users In Q1

Shares in Roblox rose 3 percent in Wednesday's premarket trading after the popular video game company released its fiscal first-quarter results. Losses per share were 44 cents, slightly higher than the 40-cent loss per share expected. The company's revenue, referred to as bookings, reached $774 million, surpassing the expected $766 million. Average daily active users (DAUs) reached 66 million, marking a 22 percent increase compared to the previous year, engagement hours reached a total of 14.5 billion, reflecting a 23 percent year-over-year growth. CEO and founder David Baszucki attributed the growth in bookings to the company's continuous innovation and strong engineering efforts over the past eight quarters.