Century Games, Dentsu (expanding its existing partnership with Roblox in Japan into a global collaboration), DUBIT, PLAYWIRE, SAWHORSE, THE GANG GROUP, And VAYNER3 are a few partners onboarded for the Roblox Partner Program. The initial group of signed partners includes early adopters who are already setting marketing standards in immersive spaces and are close to the Roblox ecosystem. In the second quarter, Roblox announced the launch of a new Roblox Partner Program designed to scale brand innovation and enable a self-serve, global advertising ecosystem on the platform. Roblox’s developer community’s focus on providing good content, featuring better visuals and effects and continued market penetration are expected to have driven second-quarter results. The Zacks Consensus Estimate for hours engaged and bookings is currently pegged at 14.65 billion and $783.8 million, respectively. Bookings were $773.8 million, up 23% year over year. Hours engaged were 14.5 billion, up 23% year over year. In the last reported quarter, average DAUs were 66.1 million, an increase of 22% year over year. The Zacks Consensus Estimate for DAUs in the to-be-reported quarter is pegged at 66.5 million. While DAUs of all ages are also growing, older users continue to contribute the most, with those aged between 17 and 24 years, which rose 35% in the second quarter of 2023 from the prior-year quarter. Users are growing across regions around the globe, including the United States and Canada. This trend is likely to have continued and impacted the overall second-quarter 2023 performance. The company witnessed strong usage growth in the first quarter of 2023, besides gains in booking and daily active users (DAUs), due to customers spending more time on its games. Roblox’s second-quarter performance is expected to have benefited from user and developer growth and strength in daily user engagement levels on the platform. Roblox Corporation price-eps-surprise | Roblox Corporation Quote Factors to Note Roblox Corporation Price and EPS Surprise
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