Streetbeat News

RBLX

Roblox Corporation

https://corp.roblox.com

Industry

Electronic Gaming & Multimedia

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

Open

52.50

Mkt cap

33B

Volume

9.1M

High

52.53

P/E Ratio

-31.12

52-wk high

55.10

Low

50.68

Div yield

N/A

52-wk low

29.55

Roblox projects its FY24 revenue to be between $3.3 billion and $3.4 billion, with bookings estimated to range from $4.14 billion to $4.28 billion.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:03 pm

Roblox reported a 22% year-over-year increase in daily active users (DAUs) for Q4, reaching 71.5 million. Hours engaged also rose by 21% YoY to 15.5 billion, indicating strong user engagement and growth.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:02 pm

Roblox (NYSE:RBLX) reported Q4 2023 GAAP EPS of $(0.52), surpassing the $(0.56) estimate by 7.14%. However, its quarterly sales of $749.90 million fell short of the $1.07 billion estimate by 30.22%, marking a 16.63% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:01 pm

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.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:01 pm

U.S. stock futures showed mixed signals ahead of the market open, with earnings reports and Federal Reserve officials' speeches in focus. Analyst Brad McMillan highlighted the strong economy and earnings growth as potential offsets to interest rate and valuation challenges. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF movements. Several companies reported earnings, with notable movements in stocks like Chipotle Mexican Grill, Ford Motor Co., and Snap Inc. Upcoming earnings include Alibaba, CVS Health, and Walt Disney Co., among others. New York Community Bancorp faced governance concerns.

Portfolio Pulse from Shanthi Rexaline

February 07, 2024 | 12:27 pm

Numerous companies are scheduled to report their earnings on February 7, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Madison Square Garden, Scotts Miracle Gro, TotalEnergies, Equinor, Euronet Worldwide, Flex LNG, Alibaba Group Holding, and many others. The earnings reports are expected to provide insights into the companies' financial health and market performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 10:13 am

Roblox has launched AI-powered real-time chat translations in 16 languages, enabling users worldwide to communicate seamlessly in their preferred language. This feature, built on Roblox's proprietary AI technology, supports instantaneous text chat translations among users. The technology aims to enhance global user interaction, with over 70M daily users and 19.7 million new friendships formed daily. Roblox's initiative reflects its commitment to global growth and user engagement, with plans to expand AI-powered translations to all user experiences, including voice.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 5:40 pm

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox Corp (NYSE:RBLX) with a $53 price target. McKay expects Q4 upside for Roblox due to gift cards, new platforms, and product innovations. He acknowledges the risk from Epic Games' Fortnite but believes Roblox's monetization expertise and absence of Fortnite on mobile platforms limit the impact. McKay is optimistic about Roblox's long-term growth and margin expansion, citing upgrades to the game's economy, advertising opportunities, and cost discipline. His Q4 estimates for bookings and adjusted EBITDA are slightly different from consensus, and he expects Roblox to exceed margin levels. RBLX shares traded slightly lower at $39.11.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 7:18 pm

Over the past quarter, 16 analysts have provided diverse opinions on Roblox (NYSE:RBLX), ranging from bullish to bearish. The average 12-month price target for RBLX has been raised to $44.62, reflecting a 26.4% increase from the previous target of $35.30. Analysts from firms like Wedbush, Benchmark, Goldman Sachs, BMO Capital, Wells Fargo, Piper Sandler, JP Morgan, Raymond James, and Needham have maintained or raised their ratings and price targets, indicating a generally positive outlook on the company's performance. Roblox's financials show strong revenue growth and net margin but below-average ROE and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 3:00 pm

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox Corporation (NYSE:RBLX) and maintained a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:40 pm

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