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

Several communication services stocks experienced significant movement during Wednesday's intraday session. Kubient (KBNT), SciPlay (SCPL), Taboola.com (TBLA), Liberty Latin America (LILAK and LILA), and comScore (SCOR) saw gains, while Angi (ANGI), PubMatic (PUBM), Roblox (RBLX), Nextdoor Holdings (KIND), Townsquare Media (TSQ), and Salem Media Group (SALM) experienced declines. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:31 pm

Roblox Corp reported Q2 FY23 bookings growth of 22% YoY to $780.7 million, and revenue growth of 15% YoY to $680.8 million, missing the consensus of $784.9 million. EPS loss of $(0.46) also missed the consensus loss of $(0.45). DAUs were 65.5 million, up 25% YoY, and average monthly unique payers were 13.5 million, up 19% YoY. However, average bookings per DAU was $11.92, down 3% YoY. The company's shares traded lower by 20.503% at $30.01.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 1:56 pm

Roblox Corporation reported its Q2 earnings per share (EPS) at $(0.46), missing the estimated $(0.45). The company's sales were $780.656M, also falling short of the estimated $784.86M.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:54 pm

Roblox Corporation's shares are trading lower following the release of its Q2 financial results, which were below market expectations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:21 pm

Roblox Corporation (RBLX) reported Q2 2023 daily active users (DAUs) of 65.6 million, marking a 25% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:01 pm

Roblox (NYSE:RBLX) reported Q2 losses of $(0.46) per share, missing the analyst consensus estimate of $(0.45) by 2.22 percent. This is a 53.33 percent increase in losses from the same period last year. The company also reported quarterly sales of $680.80 million, missing the analyst consensus estimate of $784.86 million by 13.26 percent, but a 6.39 percent increase over sales of $639.90 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:01 pm

Roblox Corp. (NASDAQ:RBLX) is set to report Q2 2023 results on Aug. 9. The consensus estimate for revenue is $785.01 million, a 22.68% growth from the year-ago quarter. The estimated loss per share is 46 cents, a 53.33% decline compared to the same quarter in the previous year. Roblox's performance is expected to benefit from user and developer growth, increased engagement levels, and global expansion. However, the probability of Roblox beating earnings expectations is low, according to Zacks Equity Research.

Portfolio Pulse from Franca Quarneti

August 08, 2023 | 6:54 pm

In the last quarter, 10 analysts have provided ratings for Roblox (NYSE:RBLX), with 6 being bullish, 3 indifferent, and 1 somewhat bearish. The company has an average 12-month price target of $44.8, with a high of $60.00 and a low of $32.00. The average price target has increased by 3.39% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:18 pm

Wedbush analyst Nick McKay has reiterated a Neutral rating on Roblox (NYSE:RBLX) and maintained a $37 price target.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:22 pm

Shares of software and IT stocks are trading lower following Fitch's downgrade of the US credit rating, which has negatively impacted risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:48 am

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