Followers | 680 |
Posts | 141194 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Wednesday, May 10, 2023 10:08:26 AM
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
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent RBLX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 12:07:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 12:03:59 PM
- Roblox Reports First Quarter 2024 Financial Results • Business Wire • 05/09/2024 12:00:00 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Roblox Expands Immersive Video Ads Access to All Advertisers, Adds New Measurement Partners • Business Wire • 05/01/2024 01:00:00 PM
- Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News • IH Market News • 04/11/2024 11:24:54 AM
- Roblox Taps PubMatic to Offer Programmatic Immersive Video Ads on Its Platform • GlobeNewswire Inc. • 04/10/2024 01:05:33 PM
- Roblox to Report First Quarter 2024 Financial Results on May 9, 2024 • Business Wire • 04/08/2024 03:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 09:27:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:24:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:23:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:21:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:20:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 10:20:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:10:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 01:16:13 AM
- Crypto: Phishing Hack Strikes MicroStrategy, Malicious Code Compromises Tornado Cash, and More • IH Market News • 02/26/2024 06:57:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:46:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:45:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:44:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:43:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:41:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:40:37 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:39:59 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/22/2024 09:20:23 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM