Roblox Corp (NYSE:RBLX) stock plunges 25.60% (As on Feb 16, 12:47:27 AM UTC-4, Source: Google Finance) after the company posted lower than expected results for the fourth quarter of FY 21. During the fourth quarter, net cash provided by operating activities of $122.2 million, free cash flow generated was $77.3 million, bookings increased 20% over Q4 2020 to $770.1 million, Average Daily Active Users (DAUs) were 49.5 million, an increase of 33% year over year, Hours Engaged were 10.8 billion, an increase of 28% year over year and Average Bookings per DAU (ABPDAU) was $15.57.

RBLX in the fourth quarter of FY 21 has reported the adjusted loss per share of 25 cents, missing the analysts’ estimates for the adjusted loss per share of 12 cents. The company had reported the adjusted revenue growth of 83 percent to $770.1 million in the fourth quarter of FY 21, missing the analysts’ estimates for revenue of $772 million.

Moreover, for fiscal 2021, Revenue increased 108% over fiscal year 2020 to $1.9 billion, net cash provided by operating activities of $659.1 million; Free cash flow was $558.0 million, bookings increased 45% over 2020 to $2.7 billion, DAUs were 45.5 million, an increase of 40% year over year, Hours Engaged were 41.4 billion, an increase of 35% year over year and ABPDAU was $59.85.

For January 2022, the company expects revenue to be between $203 million – $206 million, up 64% – 66% year over year, DAUs were 54.7 million, up 32% from January 2021, hours engaged were 4.2 billion, up 26% year over year, Bookings were between $220 million and $223 million, up 2% – 3% year over year and ABPDAU were between $4.02 – $4.08, down 22% – 23% year over year.

Meanwhile, the National Football League and Roblox have launched the NFL Tycoon to engage the next generation of NFL football fans in the Metaverse. The NFL will be the first official major sports league to offer a persistent experience on Roblox, a global platform bringing millions of people together through shared experiences.

In addition, as technology matures, making it easier to socialize and hang out with friends online, Roblox is playing host to unique, exclusive, immersive virtual events, which will continue to evolve and scale with new Roblox technologies like SPATIAL VOICE and LAYERED CLOTHING. And that represents an opportunity for music labels and artists who will be able to reach and engage with fans in unprecedented ways on a truly global scale.