Roblox released its financial results for the full year 2021, reporting a 108% increase in revenue to $1.9 billion.
It’s the first full year report from Roblox since its IPO in March 2021, with bookings growing 45% year-on-year to reach $2.7 billion.
The number of average daily users was also 55% on the rise in 2021, reaching 45.5 million.
Looking at Q4 2021 specifically, revenue at Roblox increased 82% year-on-year to $568.8 million, while bookings grew 20% to $770.1 million.
As a comparison, Roblox developers and creators earned $500 million (in Robux) on the platform last year.
While Roblox is experiencing growth, that growth is slowing down compared to previous years as the boost provided by the pandemic diminishes.
Bloomberg reported that the platform’s metrics missed Wall Street analysts expectations. The Stock dropped 25% after the release.
Roblox Investors are having a rough year so far. The Stock is down almost 50% YTD.