![]() ![]() However, that was far from enough and it’s safe to say investors were not pleased with the results, with shares cratering by 22% in Wednesday’s session. On the plus side, bookings reached $780.7 million, a 22% YoY increase that came in above the Street’s call by $2.72 million. Average bookings per daily active user recorded a 3% drop to $11.92, also falling just shy of consensus. ![]() ![]() Average daily active users climbed 25% year-over-year to 65.5 million but came in just below the analysts’ expectation for 65.8 million. All told, the company delivered EPS of -$0.46, missing the consensus estimate by $0.02. Attributable net loss expanded from a loss of $176.4 million in the same period last year to $282.8 million. In Q2, costs and expenses saw a sharp uptick to $994.8 million, resulting in the operating loss widening to $314 million compared to $170.3 million in the same period a year ago. Meanwhile, the losses have been racking up. One of the companies associated with this new version of the internet is Roblox ( NYSE:RBLX) and the video gaming platform has been burning cash in pursuit of the opportunity that has yet to take off. Remember that thing called the metaverse? Before AI walked away with all the glory, it was meant to be the next big thing. ![]()
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