Roblox Strengthens Voice Chat Capabilities with Acquisition of Speechly
Portfolio Pulse from Anusuya Lahiri
Roblox Corp (NYSE:RBLX) has acquired Finnish voice tech startup, Speechly, to strengthen its voice chat capabilities and enhance its moderation tools for real-time communication. The financial terms of the deal remain undisclosed. Speechly's technology will be invaluable for Roblox as it seeks to ensure a safe and civil environment for its users. Roblox recently reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, but missed revenue consensus.
September 20, 2023 | 6:19 pm
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NEUTRAL IMPACT
Roblox's acquisition of Speechly could enhance its platform's voice chat capabilities and moderation tools, potentially attracting an older user base. However, recent earnings missed consensus, which may negatively impact investor sentiment.
The acquisition of Speechly could potentially enhance Roblox's platform and attract an older user base, which could positively impact the company's growth. However, the recent earnings miss could negatively impact investor sentiment in the short term, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100