Roblox Q2 2024 Adj EPS $(0.32) Beats $(0.39) Estimate, Sales $893.50M Miss $898.47M Estimate; Net Bookings 955.2M
Portfolio Pulse from Benzinga Newsdesk
Roblox reported its Q2 2024 financial results with an adjusted EPS of $(0.32), beating the estimate of $(0.39). However, sales of $893.50M missed the estimate of $898.47M. Net bookings were $955.2M.
August 01, 2024 | 12:01 pm
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NEUTRAL IMPACT
Roblox's Q2 2024 adjusted EPS of $(0.32) beat expectations, but sales of $893.50M fell short of estimates. Net bookings were strong at $955.2M.
The mixed results with a better-than-expected EPS but lower-than-expected sales create a neutral short-term outlook. Strong net bookings provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100