Roblox Sees Q2 Bookings $870M-$900M vs $934.09M Est., Sees FY24 Bookings $4B-$4.1B vs $4.19B Est.
Portfolio Pulse from Benzinga Newsdesk
Roblox forecasts Q2 bookings to range between $870M-$900M, falling short of the estimated $934.09M. For FY24, the company projects bookings to be between $4B-$4.1B, also below the expected $4.19B.
May 09, 2024 | 12:24 pm
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NEGATIVE IMPACT
Roblox's projected bookings for Q2 and FY24 are below market expectations, indicating potential revenue challenges.
Roblox's announcement of lower-than-expected bookings for both Q2 and FY24 suggests a potential slowdown in revenue growth. This could lead to negative investor sentiment and a possible short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100