By Senad Karaahmetovic
Roblox (NYSE:RBLX) shares are down nearly 12% in pre-open Monday after the video game developer reported key user metrics for March.
Roblox reported 66.2 million daily active users (DAUs), a decline of 1.1M relative to February. Hours engaged came in at 4.8 billion, better than the 4.6B reported for the last month.
The company expects bookings between $247M and $255M and revenue between $212M and $223M. The average bookings per DAU are seen at $3.79 (up or down 6 cents), above the $3.64 estimated for February.
The March report also marks the final monthly breakdown of key user metrics with Roblox saying it will continue to update investors on a quarterly basis.
"While we think that has provided incremental information to investors regarding the seasonality of the business, we have decided to cease providing key monthly metrics to align our reporting cadence with our value of taking the long view," the company said.