Roblox Corp (RBLX)

[Monksdream]

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.