ICYMI: Roblox to focus on monetization with immersive advertising as it misses Q2 estimates
On Tuesday, the company reported Q2 revenues of $591.2 million — a 30% increase year-on-year — but a bookings drop of 4%.
The comments were made during a Wednesday morning Q2 earnings call with investors, following the release of its results the previous evening. The California-based companyQ2 revenues of $591.2 million — a 30% increase year-on-year — but fell short of expectations, with a loss per share of $0.30 compared to analyst projections of $0.21.
"Given that we did 4.7 billion hours of engagement in the month of July... You can see the potential relative to the advertising for hours," he added. "[We] would love for the company to give some more details around timing or framing the market opportunity. We think it could eventually be a hundreds of millions in revenue, but frankly the timing is uncertain for when it would happen," he said.
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