Roblox Has Strong Q1 2023
For the first quarter ending 3/31/23, Roblox Corporation (NYSE: RBLX) reported record revenue of $655 million, up 22% over the previous year quarter. Bookings for the first quarter were $774 million, up 23% over the previous year. Roblox reported a loss of $268 million for the first quarter 2023 versus $160 million for Q1 2022.
Analysis
Roblox bookings were a record $899 million in the fourth quarter of 2022. Because bookings include deferred rev.....