Roblox Q4 Sales $749.90M, Bookings $1.1268B, Up 25% YoY
Portfolio Pulse from Benzinga Newsdesk
Roblox reported Q4 sales of $749.90M, missing analyst estimates of $1.07B by 30.22%, and a 16.63% decrease from last year's $899.43M. Bookings rose 25% YoY to $1.1268B.
February 07, 2024 | 1:01 pm
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NEGATIVE IMPACT
Roblox's Q4 sales fell short of expectations and decreased YoY, but bookings increased 25%.
Missing analyst estimates and a year-over-year decrease in sales are negative indicators that could lead to a short-term decline in stock price. However, the increase in bookings suggests some underlying strength.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100