Thread by @RamBhupatiraju

Any $RBLX experts here (other than @honam who might not be able to comment)?

Just quickly went over the results. Most metrics look OK, except for recent Bookings trend.

DAUs & Engagement (as of Jan-22) still increasing but Booking decreasing YoY?

Tough COVID comps or something more at play here (or I'm just misreading it)?

I guess explanations will come on the call tmrw.

(Are parents finally winning the battle of not paying for Robux for the 10th time in a month ? I doubt it😀)

Thank you for all the comments. Yes higher DAU growth & lower bookings from Developing Markets could be causing some of this (will have to wait & see from full commentary/call).

I'm trying to avoid a $PINS type scenario. Overall COVID brought a lot of exposure/growth/monetization (than would have to possible in 2 yrs w/o it), but now the Co is expected to not only retain/engage most of that user base but keep showing decent growth on top of COVID Comps.

With current Macro sentiment, Market wants ALL metrics heading in the right direction for the growth stocks with not much patience for how the long-term story/intrinsic value might be evolving.

So it's an interesting dilemma for investors who want to move onto to clearer growth stories
vs
Investors who believe in the LT trajectory of the business & have more conviction (and even account

for opportunity cost if COVID boosted stocks continue to get punished in the ST due to lower growth).

Each investor have to make their own decision I guess, based on the Portfolio strategy & goals.

/END.

Missed these DAU & Engagement trends slides earlier.
Partly explains the Bookings trends.

I'm not sure if they put out ABPDAU by region.