News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cathie Wood & Ark Invest's Buys 174,838 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | September 19, 2023
• Cathie Wood and Ark Invest's trade activity from today 9/19
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's Buys 332,030 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | September 14, 2023
• Cathie Wood and Ark Invest's trade activity from today 9/14.
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's Buys 620,765 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | September 13, 2023
• Cathie Wood and Ark Invest's trade activity from today 9/13.
Read Full Story »»»
DiscoverGold
Roblox $RBLX has now taken a -40% haircut over the last two months
By: TrendSpider | September 13, 2023
• $RBLX Roblox has now taken a -40% haircut over the last two months.
Is the stock headed to new all-time lows?
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's Buys 323,484 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | September 11, 2023
• Cathie Wood and Ark Invest's trade activity from today 9/11.
Read Full Story »»»
DiscoverGold
Renaissance Technologies Sells 1,369,900 Shares of Roblox Co. (RBLX)
By: MarketBeat | September 9, 2023
• Renaissance Technologies LLC reduced its position in shares of Roblox Co. (NYSE:RBLX) by 13.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,781,082 shares of the company's stock after selling 1,369,900 shares during the quarter. Roblox comprises about 0.5% of Renaissance Technologies LLC's portfolio, making the stock its 21st biggest position. Renaissance Technologies LLC owned 1.57% of Roblox worth $394,973,000 at the end of the most recent reporting period...
Read Full Story »»»
DiscoverGold
Roblox plans PlayStation debut, new world-building AI tools
By: Investing.com | September 8, 2023
NEW YORK (Reuters) - Gaming company Roblox plans to launch its immersive digital worlds platform on Sony (NYSE:SONY)'s PlayStation devices in October, giving it access to the hundreds of millions of people who use the world's most popular gaming consoles.
Roblox will also make its app fully available on Meta (NASDAQ:META)'s Quest mixed reality devices this month after rolling out a test version in July. That version was downloaded more than a million times within five days, the company said in a blog post.
The expansion is part of a plan to make Roblox available "anywhere users are trying to use it," including mobile, desktop and augmented and virtual reality (AR/VR) devices, Roblox Chief Product Officer Manuel Bronstein told Reuters ahead of the company's annual developer conference this week.
"I wonder if we should be on every TV," Bronstein said.
Roblox, with 66 million daily users, most of them teenagers, is one of the most popular gaming services for children and watched closely by tech giants like Meta as they try to entice the next generation of users.
Meta's similar "metaverse" service Horizon, where users appearing as avatars can gather in virtual spaces, has struggled to gain similar momentum. It had fewer than 200,000 monthly users as of last year, according to a Wall Street Journal report.
Horizon is currently available only in VR, although Meta said in February that it was aiming to release web and mobile versions soon, without identifying a date.
At its conference, Roblox announced plans to roll out an AI-powered world-building chatbot by the end of the year.
Developers will be able to use the chatbot - which closely resembles a tool previewed by Meta CEO Mark Zuckerberg last year - to generate virtual objects and scenes on command, without coding, according to a demo shown to Reuters.
Meta's technology, which it has not yet released, used voice commands rather than written chats.
Another new Roblox tool due later this year would make it possible for mobile or desktop users to conduct voice calls with Roblox friends appearing as avatars.
The technology, called Connect, uses the device's camera to capture a participant's facial expressions and body movements and then displays that via the person's avatar.
Read Full Story »»»
DiscoverGold
Roblox $RBLX 0dte spec sweeper ahead of today's conf 09/08/23 $29.50 CALLS paying .06
By: FLOWrensics | September 8, 2023
• $RBLX 0dte spec sweeper ahead of today's conf 09/08/23 $29.50 CALLS paying .06.
Read Full Story »»»
DiscoverGold
Roblox $RBLX Sweepers active in the 9/08/23 $28.50 CALLS
By: FLOWrensics | September 1, 2023
• $RBLX Sweepers active in the 9/08/23 $28.50 CALLS.
Read Full Story »»»
DiscoverGold
$RBLX Darkpool activity yesterday & now seeing 09/15 $27 CALLS
By: FLOWrensics | August 24, 2023
• $RBLX Darkpool activity yesterday & now seeing 09/15 $27 CALLS
This one looks due for an oversold bounce
$RBLX Darkpool activity coming in at session lows
— StockNanny (@StockNannyApp) August 23, 2023
175K shares at $26.48 & 196K shares at $26.45 pic.twitter.com/w3AQ0Ueikx
DiscoverGold
Roblox $RBLX Darkpool activity coming in at session lows 175K shares at $26.48 & 196K shares at $26.45
By: FLOWrensics | August 23, 2023
• $RBLX Darkpool activity coming in at session lows
175K shares at $26.48 & 196K shares at $26.45.
Read Full Story »»»
DiscoverGold
President & CEO of Roblox $RBLX sold over $27M in shares this week, just days after the company missed Q2 earnings estimates and the stock dropped -20%. Not exactly a reassuring sign for investors.
By: TrendSpider | August 17, 2023
• $RBLX President & CEO of Roblox sold over $27M in shares this week, just days after the company missed Q2 earnings estimates and the stock dropped -20%
Not exactly a reassuring sign for investors.
Read Full Story »»»
DiscoverGold
From that awful Cathie Wood
Roblox (RBLX)
icon-fall
21%
Shares of Roblox traded down ~21% on Wednesday after the company reported6 second-quarter earnings with lower-than-expected headline numbers that masked excellent underlying growth dynamics. The year-over-year growth in Roblox bookings, total hours, and daily active users was robust: 22%, 24%, and 26%, respectively. While CEO David Baszucki suggested during the earnings call that developer exchange fees this year will approach $800 million, more than analysts had expected, we believe that he was rounding existing guidance, not changing formal guidance. Thanks to its growing audience of older gamers, impressive product velocity, expertise in generative AI, and growing advertiser base, Roblox seems poised for continued strong growth. Roblox provides a creator-first digital entertainment platform and a 3D engine, both of which allow third-party developers around the world to create games and experiences for users.
Analysts rush to upgrade Roblox stock after earnings-fueled selloff
By: Investing.com | August 10, 2023
Roblox (NYSE:RBLX) shares fell as much as 22% on Wednesday after the company delivered a soft earnings report for its second quarter.
This sell-off has been seen as an opportunity to upgrade RBLX shares at Morgan Stanley and Wedbush.
Morgan Stanley analysts upgraded the stock to Equal Weight as they see a more balanced risk-reward from current levels. They note RBLX has underperformed the S&P 500 this year, mainly due to weaker margins and the uncertainty surrounding future growth.
“While we remain cautious on many of those points, the combination of near-term growth uncertainty and longer term call options leaves us with a more balanced outlook at these levels,” said analysts, who also raised the price target by $4 to $30 per share.
Wedbush analysts upgraded the stock to Outperform to Neutral with a price target of $37 per share. They argue that Roblox “may have the most compelling growth trajectory among the video game names in our coverage universe after taking into account its user base size, its new products, and the potential to revisit its approach to profits.”
“With Roblox shares trading well below our price target after a selloff on Wednesday, the risk/reward profile has become favorable to the upside,” the analysts said in a note to clients.
They argue that investors who remain patient can expect to be rewarded amid anticipated continued growth in revenue. This growth will be driven by the expansion of key user metrics, the introduction of new products, and a more proactive approach to cost control in the future, they concluded.
Roblox stock is trading 2% higher in early Thursday trading. Shares are now up just 3.5% year-to-date.
Read Full Story »»»
DiscoverGold
Cathie Wood & Ark Invest's Buys 865,287 Shares of Roblox Corp (RBLX)
By: Ark Invest Daily | August 9, 2023
• Cathie Wood and Ark Invest's trade activity from today 8/9.
Read Full Story »»»
DiscoverGold
Options Traders Play Roblox (RBLX) Stock After Earnings
By: Schaeffer's Investment Research | August 9, 2023
• RBLX is on track for its worst session of the year and lowest close since January
• RBLX is near the bottom of the NYSE today after a top-line miss
Roblox Corp (NYSE:RBLX) stock is tanking, last seen down 20.1% to trade at $30.15, one of the worst stocks on the New York Stock Exchange (NYSE) today. The bear gap comes after the gaming company reported second-quarter losses and revenue that were wider than Wall Street's forecasts. Roblox saw bookings rise a smaller-than-expected 22% over the last 12 months, while daily active users jumped 25% over the same time frame.
Options traders are blasting RBLX in response. Already, 34,000 calls and 27,000 puts have exchanged hands, volume that's eight times the intraday average amount. New positions are being opened at the four most popular contracts, led by the October 45 call.
A broader look shows options traders were more call-heavy than usual over the last 10 weeks. This is per Roblox stock's 50-day call/put volume ratio of 5.23 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 96% of readings from the past year.
Today's negative price action is set to be the stock's worst single-session drop since November 9, and puts RBLX on track for its lowest close since January 9. The shares are now off 35.5% year-over-year, and are currently on the short-sale restricted list.
Read Full Story »»»
DiscoverGold
Roblox (RBLX) stock drops 7% as Q2 results trail analyst estimates
By: Investing.com | August 9, 2023
Roblox (NYSE:RBLX) shares fell more than 7% in pre-market trading after the company reported second quarter results.
Roblox posted a loss per share of 46 cents, worse than the expectations for a loss per share of 44c. Bookings for the quarter came in at $780.7M, slightly weaker than the consensus estimate of $785.4M.
Revenue came in at $680.8M, a 15% increase from the previous year. The platform saw a 25% increase in Average Daily Active Users (DAUs) to 65.5M.
“We continue to drive high rates of organic growth in DAUs, Hours, and Bookings. We are growing among users of all ages and across all geographies. We remain focused on extending our product leadership to drive value for creators and brands, and even more innovative and immersive avatars and experiences for our users,” said David Baszucki, founder and CEO of Roblox.
Additionally, there was a 19% increase in average monthly unique payers to 13.5M. Hours engaged on the platform rose by 24% to 14.0 billion.
Read Full Story »»»
DiscoverGold
Earnings Preview: Roblox Corp. (NYSE: RBLX)
By: 24/7 Wall St. | August 7, 2023
• Here is a look at what analysts expect to hear from two companies reporting quarterly earnings early on Wednesday.
Roblox
Interactive entertainment platform Roblox Corp. (NYSE: RBLX) has seen its stock price tumble by about around 23% over the past 12 months. That loss would be even worse had the shares not added about 30% so far this year. The less-good news is that the share price has fallen by about 19% in just over two weeks.
Roblox’s stock price is tied to the company’s performance. Analysts had raised hopes after the company announced first-quarter results. The company has provided little or no information during the second quarter, perhaps leading investors to believe that no news is not good news.
Of 28 analysts covering the stock, 15 have a Buy or Strong Buy rating and seven more rate it at Hold. At a price of around $37.00 a share, the implied gain based on a median price target of $45.00 is 21.6%. At the high target of $65.00, the upside potential is about 75.7%.
The consensus first-quarter revenue estimate is $777.97 million, which would be up 0.5% sequentially and by 21.6% year over year. Analysts also expect Roblox to post a loss per share of $0.44, equal to the prior quarter’s loss and worse than the year-ago quarter’s loss of $0.30. For the full fiscal year, the company is expected to post a loss of $1.83 per share, compared to last year’s loss of $1.55 per share. Revenue is forecast at $3.42 billion, up 19.2%.
Roblox is not expected to post a profit in 2023, 2024 or 2025. For those three years, the company’s enterprise value to sales multiple is 6.4, 5.5 and 4.9, respectively. The stock’s 52-week trading range is $25.32 to $53.88, and the company does not pay a dividend. The total shareholder return for the past year was negative 23.29%.
Read Full Story »»»
DiscoverGold
Nikko Asset Management Americas Inc. Has $238.25 Million Stock Position in Roblox Co. (RBLX)
By: MarketBeat | July 24, 2023
• Nikko Asset Management Americas Inc. raised its stake in shares of Roblox Co. (NYSE:RBLX) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,374,286 shares of the company's stock after buying an additional 168,309 shares during the period. Roblox accounts for approximately 2.7% of Nikko Asset Management Americas Inc.'s portfolio, making the stock its 11th biggest holding. Nikko Asset Management Americas Inc. owned 0.96% of Roblox worth $238,248,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
abrdn plc Increases Stock Position in Roblox Co. (RBLX)
By: MarketBeat | July 25, 2023
• abrdn plc increased its position in shares of Roblox Co. (NYSE:RBLX) by 89.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,515 shares of the company's stock after buying an additional 30,376 shares during the period. abrdn plc's holdings in Roblox were worth $2,902,000 at the end of the most recent reporting period...
Read Full Story »»»
DiscoverGold
$RBLX Nasty reversal after a failed breakout from Roblox, let's see if trendzone support and the 200 SMA hold up again
By: TrendSpider | July 23, 2023
• $RBLX Nasty reversal after a failed breakout from Roblox, let's see if trendzone support and the 200 SMA hold up again.
Read Full Story »»»
DiscoverGold
Friedenthal Financial Makes New Investment in Roblox Co. (RBLX)
By: MarketBeat | July 21, 2023
• Friedenthal Financial bought a new position in shares of Roblox Co. (NYSE:RBLX) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,577 shares of the company's stock, valued at approximately $656,000...
Read Full Story »»»
DiscoverGold
$RBLX Game on for Roblox?
By: TrendSpider | July 18, 2023
• $RBLX Game on for Roblox?
Read Full Story »»»
DiscoverGold
Roblox $RBLX $1.5 mil premium in to the 08/18 $42.50 CALLS
By: FLOWrensics | July 18, 2023
• $RBLX $1.5 mil premium in to the 08/18 $42.50 CALLS.
Read Full Story »»»
DiscoverGold
Roblox Corp. $RBLX Filled the gap to the bottom of the candle and yanked, held the 8D on Friday
By: Options Mike | July 16, 2023
• $RBLX Filled the gap to the bottom of the candle and yanked, held the 8D on Friday. Laggard, on watch to retest 47 area.
Read Full Story »»»
DiscoverGold
Roblox $RBLX Put/Call = 4,194/47,359
By: Theta Warrior | July 13, 2023
• $RBLX Put/Call = 4,194/47,359
Read Full Story »»»
DiscoverGold
Mark Zuckerberg just announced Roblox $RBLX is coming to Meta’s VR $META headsets
By: Evan | July 12, 2023
• Mark Zuckerberg just announced Roblox $RBLX is coming to Meta’s VR $META headsets.
Read Full Story »»»
DiscoverGold
Roblox $RBLX squeezing into the gap!
By: TrendSpider | July 11, 2023
• $RBLX Roblox squeezing into the gap!
Read Full Story »»»
DiscoverGold
Roblox (RBLX) a top pick at BTIG for H2 as drivers not reflected in consensus
By: investing.com | July 5, 2023
Buy-rated Roblox (NYSE:RBLX) was named as one of BTIG's top picks for the second half of 2023, the firm revealed in a note Wednesday.
The firm's analysts, who have a $60 price target on the stock, explained that Roblox remains a top pick as they see a very attractive, multi-year bookings growth and margin improvement cycle beginning to take shape in the back half of 2023.
"Roblox has begun to deliver new products to their user and developer bases that are likely to improve the overall platform experience—from personalization to monetization to the development experience," said BTIG.
"Collectively, those improvements should drive sustained, or accelerating top-line growth (we project at least 20% bookings growth over the next two years, but could see growth in the +25-30% y/y range) alongside steady margin improvement from the high single digits in 2023 to the high teens (on a bookings basis) in 2025 after exiting a multi-year investment cycle."
They noted that products will be the key accelerants to bookings, on top of already strong user growth/penetration, while R&D and ITS will be "significant sources of operating expense leverage moving forward."
BTIG concluded that they don't believe the factors are reflected in consensus estimates, and they see a healthy runway for positive revisions.
Read Full Story »»»
DiscoverGold
Roblox $RBLX Trendzone support + 200 day SMA = The perfect recipe for a bounce this morning!
By: TrendSpider | June 26, 2023
• $RBLX Trendzone support + 200 day SMA = The perfect recipe for a bounce this morning!
Read Full Story »»»
DiscoverGold
Roblox Corp. $RBLX Active today with #darkpool prints
By: FLOWrensics | June 26, 2023
• $RBLX Active today with #darkpool prints
06/28 Morgan Stanley Hosts AI Discussion with Dan Sturman, Roblox CTO, and Michael Guthrie, Roblox CFO ~ 12 pm ET.
Read Full Story »»»
DiscoverGold
Consolidated Capital Management LLC Acquires 18,104 Shares of Roblox Co. (RBLX)
By: MarketBeat | June 21, 2023
• Consolidated Capital Management LLC lifted its stake in Roblox Co. (NYSE:RBLX) by 33.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,832 shares of the company's stock after acquiring an additional 18,104 shares during the period. Roblox makes up 1.8% of Consolidated Capital Management LLC's portfolio, making the stock its 24th largest holding. Consolidated Capital Management LLC's holdings in Roblox were worth $3,276,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
Roblox Corporation $RBLX Continues to tease that big gap @ 43
By: Options Mike | June 19, 2023
• $RBLX Continues to tease that big gap @ 43.
Read Full Story »»»
DiscoverGold
AlphaQ Advisors LLC Invests $769,000 in Roblox Co. (RBLX)
By: MarketBeat | June 15, 2023
• AlphaQ Advisors LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,025 shares of the company's stock, valued at approximately $769,000...
Read Full Story »»»
DiscoverGold
Roblox $RBLX When gap fill?
By: TrendSpider | June 16, 2023
• $RBLX When gap fill?
Read Full Story »»»
DiscoverGold
Roblox $RBLX the next growth name to join the party?
By: TrendSpider | June 15, 2023
• $RBLX Roblox the next growth name to join the party?
Read Full Story »»»
DiscoverGold
Roblox (RBLX) fetches new 'Buy' rating from Canaccord Genuity
By: Investing.com | June 13, 2023
Analysts at Canaccord Genuity initiated coverage on online entertainment platform Roblox Corp. (NYSE:RBLX) with a Buy rating and a price target of $48. The price target is based on an 8x multiple of forward gross bookings estimates and implies share price gains of 23%.
Discussing the firm’s bullish view on the stock, Canaccord Genuity analysts noted shares of Roblox have been volatile since going public in early 2021, as investors have grappled with the proper valuation for a business that has experienced large fluctuations in its growth rate and margins.
Roblox had a significant pull-forward of adoption during COVID, with the user base more than doubling and bookings more than quadrupling during 2020 and 2021. This was followed by a period of slower growth.
“Growth slowed amid difficult comps and the reopening, although bookings growth has reaccelerated as several strategic initiatives have begun to take hold,” said the analysts.
They added, “we see the potential for upward estimate revisions if Roblox can execute on strategic initiatives to attract more spending to the platform, with a long-term opportunity to enter new verticals as technological advancements enable mainstream adoption of the metaverse.”
Read Full Story »»»
DiscoverGold
Credit Suisse AG Sells 31,049 Shares of Roblox Co. (RBLX)
By: MarketBeat | June 9, 2023
• Credit Suisse AG cut its position in shares of Roblox Co. (NYSE:RBLX) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 702,067 shares of the company's stock after selling 31,049 shares during the quarter. Credit Suisse AG owned 0.13% of Roblox worth $19,981,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
Roblox Co. (RBLX) Stake Lifted by AlpInvest Partners B.V.
By: MarketBeat | May 27, 2023
• AlpInvest Partners B.V. grew its holdings in Roblox Co. (NYSE:RBLX) by 27.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 758,983 shares of the company's stock after acquiring an additional 161,640 shares during the quarter. Roblox comprises 5.8% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 7th biggest holding. AlpInvest Partners B.V. owned about 0.14% of Roblox worth $21,601,000 as of its most recent SEC filing...
Read Full Story »»»
DiscoverGold
Connor Clark & Lunn Investment Management Ltd. Purchases 527,296 Shares of Roblox Co. (RBLX)
By: MarketBeat | May 25, 2023
• Connor Clark & Lunn Investment Management Ltd. grew its position in Roblox Co. (NYSE:RBLX) by 1,312.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 567,461 shares of the company's stock after acquiring an additional 527,296 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Roblox worth $16,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC)...
Read Full Story »»»
DiscoverGold
Executives at Roblox $RBLX getting active this week, selling $18.7M in shares so far
By: TrendSpider | May 25, 2023
• $RBLX Executives at Roblox getting active this week, selling $18.7M in shares so far.
Read Full Story »»»
* * * http://openinsider.com/search?q=RBLX
DiscoverGold
Aviva PLC Grows Stake in Roblox Co. (RBLX)
By: MarketBeat | May 19, 2023
• Aviva PLC lifted its position in Roblox Co. (NYSE:RBLX) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,657 shares of the company's stock after buying an additional 13,289 shares during the period. Aviva PLC's holdings in Roblox were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC)...
Read Full Story »»»
DiscoverGold
Roblox Corp. (RBLX) Clears the 50D and big gap ahead on watch
By: Options Mike | May 14, 2023
• $RBLX they liked the call and nice move to the 50D where it failed for now.
Clears the 50D and big gap ahead on watch.
Read Full Story »»»
DiscoverGold
Analysts bullish on Roblox (RBLX) following strong bookings, incoming inflection point
By: Investing.com | May 11, 2023
Roblox (RBLX) was upgraded to Buy with a $45 price target at Benchmark on Thursday, while Roth MKM also lifted the stock to Buy, raising the price target to $48 from $37, following the game platform's earnings release.
On Wednesday, before the open, Roblox reported a first-quarter loss per share of $0.44, $0.09 worse than the analyst estimate of a loss of $0.35 per share, while bookings for the quarter came in at $773.8 million versus the consensus estimate of $768.02 million.
Benchmark analyst Mike Hickey said, "RBLX delivered a mixed F1Q23 financial result, missing consensus view on profitability in the quarter, but delivered strong net bookings growth and a solid return to positive operating cash flow and free cash flow."
"We raised our rating to Buy, based on encouraging KPIs, reemerging growth, and operational discipline. RBLX appears to have worked through the pandemic influence and has been seemingly immune to macroeconomic pressure on consumer spend," the analyst added.
Meanwhile, Roth MLM's Eric Handler stated, "an inflection point is on the horizon."
"We are taking a more constructive view towards Roblox following comments from management that increases in headcount and compensation will soon be slowing," said Handler. "This action should create an inflection point in 2024 with adjusted EBITDA returning to growth, adjusted EBITDA margin expanding, and FCF returning to positive territory."
Read Full Story »»»
DiscoverGold
Roblox (RBLX) Reports wider-than-expected loss in Q1, shares recover after initial slide
By: Investing.com | May 10, 2023
Roblox (NYSE:RBLX) shares plunged premarket after reporting a worse-than-expected loss per share in the first quarter.
The online game platform reported a loss per share of $0.44 in the first quarter, $0.09 worse than the analyst estimate of a $0.35 loss per share. Meanwhile, bookings for the quarter rose 23% YoY, coming in at $773.8 million versus the consensus estimate of $768.02M.
Roblox added that its average daily users increased 22% to 66.1M, while hours engaged were 14.5 billion, up 23% YoY. Average bookings per DAU (“ABPDAU”) was $11.70, flat compared to the same period last year.
Roblox shares dropped around 12% in the immediate aftermath. However, the stock is currently up over 1% premarket.
“In Q1 2023, we delivered strong performance across our core operating and financial metrics,” said Michael Guthrie, chief financial officer of Roblox.
“Now that we are generating high rates of year-over-year bookings growth, we can now moderate our rate of investment in headcount and infrastructure, thereby generating operating leverage. We also expect to see more of our bookings processed through credit cards and prepaid cards, which will also have a positive impact on margins.”
Read Full Story »»»
DiscoverGold
Roblox - BTIG analysts 'like the setup heading into the print'
By: Investing.com | May 8, 2023
BTIG analysts said the firm likes the setup for Roblox Corp (NYSE:RBLX) into the company's upcoming earnings release on Wednesday, May 10.
The firm raised estimates for the online game platform and game creation system business, revising "Bookings and Revenue to levels in-line with the high end of monthly metrics reports (consistent with 3Q/4Q) -- $773M/$656M vs. St. $768M/$632M."
"With hiring activity moderating and Roblox most of the way through the latest ITS investment cycle, cost growth should slow, and revenue should translate to an EBITDA beat (BTIGe $72M vs. St. $66M)," wrote the analysts, who have a Buy rating and $55 price target on the stock.
"Following the 4Q22 EBITDA surprise, investors have naturally shifted focus toward profitability. 2H23 growth and comp concerns do still come up, but that seems to be due in part to the lumpiness of the '21/22 post-COVID stretches. Against a relatively more normal period ('19), our forecasts embed 1-400 bps of y/y growth deceleration in each quarter from 1Q23 forward."
Overall, they stated that given the current focus on margins and growth potential, they are positive on Roblox heading into the print.
"Per data points we picked up at GDC, user affinity for personalization is stronger than we think most realize, and expansion of both the facets of avatar personalization and selection should have a positive impact on bookings. We estimate each 0.5-1.0 items purchased could add $20-40M in bookings, which would be 2-500 bps accretive to our growth, if that began in the back half of this year," they concluded.
Read Full Story »»»
DiscoverGold
Earnings Preview: Roblox Corp. (NYSE: RBLX)
By: 24/7 Wall St. | May 8, 2023
• The following four companies are scheduled to report quarterly earnings first thing Wednesday morning.
Roblox
Interactive entertainment platform Roblox Corp. (NYSE: RBLX) has seen its stock price rise by about 18.6% over the past 12 months, thanks to a year-to-date gain of around 18.5%. Then Roblox reported preliminary March metrics that included a drop of 1.7% in daily active users to 66.2 million, still higher than last year’s average of 65 million. The March numbers may have been okay, but that was not good enough. Maybe Wednesday’s earnings report will juice the shares. But Roblox needs to show revenue growth and a solid outlook for more because the company still pursues growth rather than profitability.
Of 27 analysts covering the stock, 13 have a Buy or Strong Buy rating and eight more rate it at Hold. At a price of around $36.00 a share, the implied gain based on a median price target of $45.00 is 20%. At the high target of $65.00, the upside potential is about 80%.
The consensus first-quarter revenue estimate is $766.02 million, down 14.8% sequentially but up 22.4% year over year. Analysts also expect Roblox to post a loss per share of $0.40, compared to the prior quarter’s loss of $0.48 per share and the year-ago quarter’s loss of $0.27. For the full fiscal year, the company is expected to post a loss of $1.72 per share, compared to last year’s loss of $1.55 per share. Revenue is forecast at $3.37 billion, up 17.3%.
Roblox is not expected to post a profit in 2023, 2024 or 2025. For 2023, 2024 and 2025, the company’s enterprise value to sales multiple is 6.1, 5.3 and 4.7, respectively. The stock’s 52-week range is $21.65 to $53.88, and the company does not pay a dividend. The total shareholder return for the past year was 29.79%.
Read Full Story »»»
DiscoverGold
|
Followers
|
64
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
711
|
|
Created
|
02/24/21
|
Type
|
Free
|
| Moderators | |||
AI
