Roblox Q3 Earnings Preview: Analyst Estimates, Key Items To Watch For Gaming Giant
Portfolio Pulse from Chris Katje
Roblox Corporation (RBLX) is set to report its Q3 earnings with analysts expecting a revenue of $829.91 million and a loss of 50 cents per share. The company's expansion into the Playstation platform, owned by Sony Group Corp (SONY), and its potential growth in the China region are key factors to watch. Analysts have mixed ratings for the company, with price targets ranging from $34 to $54.
November 07, 2023 | 8:30 pm
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NEUTRAL IMPACT
Roblox is expected to report Q3 earnings with a revenue of $829.91 million and a loss of 50 cents per share. Its expansion into Playstation and potential growth in China are key factors to watch.
The company's earnings report and its expansion into new platforms and regions could impact its stock price. However, the exact direction of the impact is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Roblox's expansion into the Playstation platform, owned by Sony, could potentially impact Sony's stock.
Roblox's expansion into the Playstation platform could potentially increase the platform's user base and revenue, which could impact Sony's stock. However, the exact impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50