Roblox's biggest problem isn't with credibility, but with valuation.Roblox (RBLX -1.56%) reported Q1 earnings last week, and the news was... disappointing. After beating expectations for both sales and earnings, the online gaming platform proceeded to warn that future growth in sales and "bookings" (essentially, sales of Robux virtual currency to users) won't be as fast as many investors hoped.That's not the kind of news that growth investors like to hear, and Roblox stock sold off hard after earnings -- bu ...

The stock for this gaming platform is down over 30% year to date.Shares of Roblox (RBLX 3.39%) sank after its first-quarter results, despite the virtual gaming platform raising its full-year revenue outlook. The stock is now trading down over 30% year to date.So why is Roblox's stock getting crushed?Let's examine the company's quarterly results to find out why, and whether now is a good opportunity to buy the stock.Revenue versus bookingsThe main culprit behind the collapse in Roblox stock was that while it ...

This stock plunged after disappointing guidance, but don't ignore its long-term potential.Metaverse gaming platform Roblox (RBLX -22.06%) posted generally strong first-quarter numbers, with bookings up by 19% year over year and a narrower-than-expected net loss. The company produced its highest free cash flow in a single quarter ever.Roblox's user base continues to grow, with 77.7 million daily active users (DAUs) at the end of the first quarter -- up by more than 6 million since the end of 2023. Currently, ...

The thing about shiny new things, is that they are often dulled by repeated play.Roblox, the virtual world gaming platform, is finding that out the hard way as its muted second quarter guidance — released Thursday morning (May 9) — has since sent the company’s shares spiraling more than 20% as of reporting. “Our teams have been hard at work identifying opportunities to drive DAUs (daily active users), Hours, and bookings growth rates back to 20% year-over-year. We began experimenting with changes in our AI- ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | | | | | | | | | Forward-Looking Statements 2 Q1 2024 Results Review This presentation and the live webcast and Q&A session which will be held at 5:30 a.m. Pacific Time/8:30 a.m. Eastern Time on Thursday, May 9, 2024 contain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our vision to connect one bill ...

Company Participants Conference Call Participants Operator I will now hand today's call over to Stefanie Notaney. Stefanie, you may begin. Good morning, everyone. Thank you for joining our Q&A session to discuss Roblox's First Quarter 2024 Results. With me today is Roblox Co-Founder and CEO, David Baszucki, and CFO, Mike Guthrie. As a reminder, our shareholder letter, press release, SEC filings, supplemental slides, and a replay of today's call can be found on our investor relations website at ir.roblox.com ...

Pre-market futures are down a bit again this morning. We appear to be plateauing a bit this week, following a gallant fight back from near-term lows mid-April. But without heavy impacts from major economic reports or marquee names posting earnings, our sailboat is adrift, ebbing slightly lower. The Dow is down -80 points at this hour, the S&P 500 is -4 and the Nasdaq -6 points. The Dow tries to achieve a seventh-straight positive trading session, although with relatively minuscule gains of late.Initial Jobl ...

Guidance is one of Roblox's problems. A too-expensive valuation is another.Shares of online gaming platform Roblox Corporation (RBLX -21.98%) tumbled 21% through 10:35 a.m. ET Thursday despite beating on both sales and earnings this morning.Heading into the Q1 2024 report, analysts had forecast Roblox would lose $0.53 per share on $923 million in quarterly bookings. (A proxy for revenue, Roblox's bookings consist of sales of Robux, virtual currency that will eventually be spent and converted into revenue.) ...

To use a term that Roblox (NYSE:RBLX) users understand, it might be “game over” for RBLX stock. Throughout the past few years, the video game producer has risen to the top of the online gaming world and gained prominence as a metaverse stock. However, Roblox recently reported mixed earnings for the first quarter and revealed a troubling statistic that has sent RBLX stock plunging; it expects its bookings to decline significantly. This means that player spending within the digital Roblox universe is falling, ...

Key TakeawaysRoblox shares plummeted in intraday trading Thursday after its first-quarter results and guidance disappointed.Revenue and bookings narrowly missed estimates, with current-quarter and full-year guidance for bookings also below expectations.Despite revenue growing substantially year-over-year, Roblox reported a nearly identical net loss to the first quarter of last year. Shares of Roblox Corp. (RBLX) fell substantially in intraday trading Thursday following the release of the video game company' ...