With travel restrictions, masking, social distancing, and other pandemic-related headwinds having now receded, Carnival's business is seeing some strong rebound momentum. The company does have solid financial footing, with roughly $2.5 billion in cash and investments against $1 billion in debt, but it remains to be seen whether the business will be able to continue growing and make the transition to recording consistent profits. The business posted a net loss of roughly $268.3 million in the first quarter - up from a loss of $160.2 million in the prior-year quarter. On other hand, Roblox isn't profitable yet. Meanwhile, the business posted non-GAAP (adjusted) free cash flow (FCF) of $81.9 million in the quarter, and operating income of $173.8 million. Thanks to continued user growth, bookings in the quarter rose 23% compared to the prior-year quarter and reached $773.8 million. Total daily active users on the company's platform jumped 22% year over year to reach a record 66.1 million, and total combined engagement hours from all users of the service rose 23% to reach 14.5 billion. The company is an early leader in the metaverse space, and its online virtual world has become enormously popular - particularly with children and teenagers.Īfter seeing user engagement and bookings growth stagnate as the business lapped periods of performance elevated by pandemic-related conditions, Roblox is back to posting strong growth. First launched in 2006, Roblox is a platform that houses a wide range of gaming and social experiences.

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