Roblox Q2 Earnings Preview: Strong Revenue Growth, Increased Engagement Levels, Global Expansion
Portfolio Pulse from Franca Quarneti
Roblox Corp. (NASDAQ:RBLX) is set to report Q2 2023 results on Aug. 9. The consensus estimate for revenue is $785.01 million, a 22.68% growth from the year-ago quarter. The estimated loss per share is 46 cents, a 53.33% decline compared to the same quarter in the previous year. Roblox's performance is expected to benefit from user and developer growth, increased engagement levels, and global expansion. However, the probability of Roblox beating earnings expectations is low, according to Zacks Equity Research.
August 08, 2023 | 6:54 pm
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Roblox is expected to report a YoY revenue growth of 22.68% for Q2 2023, but a decline in earnings per share. The company's performance is expected to benefit from user and developer growth, increased engagement levels, and global expansion.
Roblox's revenue is expected to grow YoY, which is a positive sign. However, the expected decline in earnings per share could negatively impact the stock. The company's growth and expansion strategies could potentially offset this negative impact, but the overall effect on the stock is uncertain.
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