1 Big Positive Surprise From Roblox's Earnings
There's no real secret to how Roblox (NYSE: RBLX) managed to outperform analysts' expectations for gross bookings last quarter. The math is simple, and it suggests gross bookings -- a key metric for Roblox -- will continue to accelerate going forward after falling during the first half of 2022. The figure providing the greatest confidence in that regard is average bookings per daily active users (ABPDAU).