Roblox stock jumps on record quarterly bookings in Q4 beat

Online game developer and platform Roblox (RBLX) reveals record quarterly bookings in its fourth-quarter earnings beat, also reporting daily active users to have risen 22% year-over-year. Yahoo Finance Live co-hosts Seana Smith and Brad Smith break down Roblox's earnings figures.

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Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

SEANA SMITH: All right, let's take a look at Roblox, because shares are getting a big boost off the back of results. Now the quarterly bookings hitting a record high of $1.1 billion. Average daily active users jumping 22% from a year ago. And that bookings number there, over a billion, that was a milestone that Roblox reached this quarter.

Up pretty significantly when you compare it on a year over year basis. A year ago, it was $899 million. So again, bookings that very closely watched metric here for Roblox, clearing a billion. And we're seeing a lot of that excitement reflected in the move here ahead of the open.

BRAD SMITH: I mean, a lot of bases really covered within this report. Even though you're taking a look at a loss, still better than expected. But one of the huge items here to key in on is the hours engaged. That was up 21% year over year, 15.5 billion hours engaged on the platform.

Also, you saw the monthly-- the average bookings per monthly unique payer. That came in at an aggregate of about $23.65. That, too, up 6% year over year. So with a platform like this so important to track that incremental value that they're able to extract from some of those unique users that are-- or the active users that are on the platform, which you mentioned, up 22% year over year.