Market Cheers Roblox Q4 Growth, Stock Hits 52-Week High
Portfolio Pulse from Anusuya Lahiri
Roblox Corp (NYSE:RBLX) stock surged over 11% after reporting Q4 FY23 bookings growth of 25% Y/Y to $1.13 billion, surpassing the consensus of $1.08 billion. The company also beat GAAP EPS loss estimates and reached a 52-week high of $47.65. Revenue grew 30% Y/Y to $749.9 million, with DAUs up 22% and hours engaged increasing by 21%. Roblox expects Q1 bookings between $910 million and $940 million, and FY24 bookings between $4.14 billion and $4.28 billion, both above consensus estimates.
February 07, 2024 | 1:49 pm
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Roblox Corp reported a significant Q4 FY23 performance with bookings growth of 25% Y/Y to $1.13 billion, surpassing consensus estimates. The stock reached a new 52-week high, reflecting strong investor confidence.
Roblox's Q4 performance, particularly the significant bookings growth and surpassing of consensus estimates, indicates strong operational success and market confidence. The achievement of a 52-week high price further underscores the positive market reaction, likely leading to a short-term bullish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100