Roblox (RBLX) reported $923.76 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 19.4%. EPS of -$0.43 for the same period compares to -$0.44 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $931.05 million, representing a surprise of -0.78%. The company delivered an EPS surprise of +18.87%, with the consensus EPS estimate being -$0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Roblox (RBLX) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.87%. A quarter ago, it was expected that this online gaming platform would post a loss of $0.57 per share when it actually produced a loss of $0.52, delivering a surprise of 8.77%.Over the last four quarters, the company has sur ...

Key PointsRoblox's good quarter is overshadowed by high expectations and weak guidance, resulting in a 30% stock implosion. The company is growing and building leverage, but the stock may not rebound soon. Expect analysts to provide a headwind for stock prices with downgrades and lowered price targets. 5 stocks we like better than RobloxThere were high hopes for Roblox NYSE: RBLX going into the Q1 release, and they were shattered on the rocks of reality. The reality is that the metaverse, as neat as it soun ...

The post-pandemic struggles and the overall slowdown in the gaming industry have significantly impacted many franchises, with Roblox (NYSE: RBLX) suffering the same fate after announcing Q1 earnings.After the announcement, RBLX stock plummeted by an astonishing 27.49%, effectively reducing the price of RBLX shares from $39.03 to $28.03 in the pre-market.RBLX stock 24-hour price chart. Source: Google FinanceBeating estimates wasn’t enough for RobloxRoblox exceeded Q1 earnings and revenue estimates but saw a ...

Today, global online gaming platform Roblox Corporation released its Q1 2024 financial results before US markets opened.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.As one of the most widely used gaming platforms in the United States, and one of the most aggressively growing ones worldwide, Roblox has enormous potential – and investor excitement – built up for the 2024 year. Roblox has previously announced its intentions to penetrate other demograp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File Number: 001-39763 Roblox Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 20-0991664 (State or othe ...

Exhibit 99.1 Roblox Reports First Quarter 2024 Financial Results Strong net cash and cash equivalents provided by operating activities up 37% year-over-year and record free cash flow1 up 133% year-over-year SAN MATEO, Calif., May 9, 2024 - Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its first quarter 2024 financial and operational results and issued its second quarter and updated full year 2024 guidance today. Separately, Roblo ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Roblox (RBLX) .Roblox currently has an average brokerage recommendation (A ...

Wall Street analysts forecast that Roblox (RBLX) will report quarterly loss of $0.53 per share in its upcoming release, pointing to a year-over-year decline of 20.5%. It is anticipated that revenues will amount to $931.05 million, exhibiting an increase of 20.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estima ...