Roblox Corp (NYSE:RBLX) stock fell 6.06% (As on August 10, 11:39:27 AM UTC-4, Source: Google Finance) after the company posted mixed result for the second quarter of FY 22. Roblox reported 52.2 million average daily active users, about a million shy of the StreetAccount consensus. That figure is up from 21% a year earlier, but down from the 54.1 million daily active users it reported in the first quarter. Users spent more than 11 billion hours engaged in Roblox during the second quarter. Roblox said average bookings per daily active user was $12.25, down 21% year over year. The company also offered a peek into the third quarter. It said July daily active users hit a record high of 58.5 million, up 26% year over year. And bookings for the month fell between $243 million and $247 million, up 8% to 10% from July 2021. The company saw bookings swell more than 200% during the pandemic when kids were spending more time on their screens while stuck at home. The stock was blazing hot in 2021, after Roblox’s direct listing in March. Net cash provided by operating activities of $26.5 million; Free cash flow was $(57.3) million.

RBLX in the second quarter of FY 22 has reported the adjusted loss per share of 30 cents, missing the analysts’ estimates for the adjusted loss per share of 23 cents, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 30 percent to $639.9 million in the second quarter of FY 22, beating the analysts’ estimates for revenue of $636.6 million. The revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue. Bookings declined by 4% year over year. The company generates revenue from sales of its virtual currency called Robux, which players use to dress up their avatars and buy other premium features in the games.

The company also offered a peek into the third quarter. It said July daily active users hit a record high of 58.5 million, up 26% year over year. And bookings for the month fell between $243 million and $247 million, up 8% to 10% from July 2021. The revenue was between $205 million – $208 million, up 25% – 27% year over year. Hours Engaged were 4.7 billion, up 25% year over year. ABPDAU was between $4.15 – $4.22, down 12% – 14% year over year