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

Communication services stocks are trading lower due to negative market sentiment following Alphabet's Q3 earnings report.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:20 pm

ARK Innovation ETF (ARKK) recorded a 3% surge on Tuesday, its strongest session since late August. The primary driver was optimism surrounding the approval of a Bitcoin ETF, with Coinbase Global Inc. (COIN) playing a key role. Other stocks contributing to the ETF's performance include Tesla Inc. (TSLA), UiPath Inc. (PATH), Roblox Corp. (RBLX), and DraftKings Inc. (DKNG).

Portfolio Pulse from Piero Cingari

October 24, 2023 | 9:20 pm

Stifel analyst Drew E. Crum has reiterated a Buy rating on Roblox Corporation (RBLX) with a price target of $41. The company is set to report its Q3 2023 financial results on November 8, 2023. Despite losing nearly 20% of its market cap since Q2 results, the analyst sees potential catalysts in Q3 earnings and an upcoming investor day. Crum expects a 17% YoY increase in Q3 revenue to $824 million, with higher DAUs and lower monetization. The analyst also predicts an AEBITDA margin of 4.8%, which would be the lowest for Roblox as a public company, but anticipates improvement going forward.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 6:21 pm

Roblox Corp's China unit, LuoBu, has laid off 15 roles in October due to operational challenges. The layoffs affected teams in the U.S. and its headquarters in Shenzhen. This follows a significant reduction in Roblox's talent acquisition team, indicating a shift in focus from expansion to its bottom line. Roblox's challenges in China reflect the difficulties of running a platform that relies on user-generated content due to Beijing's censorship rules and cross-border data regulations.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 12:23 pm

Roblox Corporation (RBLX) has seen a significant number of call options for November 3 at $33, with 3152 contracts bought at the ask price of $0.71. This is compared to the open interest of 3274 contracts. The company is set to announce its earnings on November 8 before the market opens.

Portfolio Pulse from Charles Gross

October 19, 2023 | 4:34 pm

Roblox Corporation has announced a new policy requiring employees to work from the office at least three days a week. Employees who do not comply with this policy are offered a severance package.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 8:40 pm

Roblox Corporation's (NYSE:RBLX) game has ranked third in player engagement on Sony Group Corp.'s (NYSE:SONY) PlayStation platform, according to data from Circana. The game is now available on platforms including Microsoft Corporation's (NASDAQ:MSFT) Xbox, Apple Inc.'s (NASDAQ:AAPL) Mac, iOS, Alphabet Inc.'s (NASDAQ:GOOGL) Android, and Meta Platforms Inc.'s (NASDAQ:META) Meta Quest. The possibility of Roblox appearing on Nintendo ADR's (OTC:NTDOY) Nintendo Switch remains open.

Portfolio Pulse from Franca Quarneti

October 17, 2023 | 4:55 pm

Roblox (NYSE:RBLX) has partnered with BitPay to include Ripple's XRP as a payment method for in-game purchases, subscriptions, and transactions. The move is expected to expose Roblox's user base, 44% of which is under 13 years of age, to cryptocurrency. In Q1 2023, Roblox users reported around $773 million in in-game spending. Ripple is known for its fast transaction speeds and low fees, which could enhance the gaming experience for Roblox users.

Portfolio Pulse from Khyathi Dalal

October 17, 2023 | 3:48 pm

Benzinga's options activity scanner has identified significant options activity in nine communication services stocks. The stocks include Meta Platforms (META), Snap Inc. (SNAP), Netflix Inc. (NFLX), Telephone and Data Systems Inc. (TDS), Alphabet Inc. (GOOGL and GOOG), Charter Communications Inc. (CHTR), Roblox Corporation (RBLX), and Comcast Corporation (CMCSA). The options activity ranges from bullish call options to bearish put options, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:35 pm

Roth MKM analyst Eric Handler has reiterated a 'Buy' rating on Roblox (NYSE:RBLX) and maintained a price target of $48.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 6:39 pm

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