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Why Roblox Stock Is Jumping This Week
The Motley Fool· 2024-02-09 16:43
Roblox (RBLX -2.33%) stock is gaining this week thanks to solid Q4 results. The company's share price was up 8.2% from last week's market close as of 10:45 a.m. ET this Friday, according to data from S&P Global Market Intelligence.Roblox posted fourth-quarter earnings results on Feb. 7, reporting a smaller-than-expected loss and bookings that beat Wall Street's estimate. The metaverse leader recorded a loss of $0.52 per share, beating the average analyst estimate by $0.03 per share. Meanwhile, bookings of $ ...
Roblox shares rise 10% after company beats estimates and issues strong guidance
CNBC· 2024-02-08 15:13
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%.Here's how the company did:Losses per share: 52 cents vs. 55 cents expected by analysts, according to LSEG, formerly Refinitiv.Revenue (bookings): $1.13 billion vs. $1.08 billion expected, according to LSEG.The revenue figure is what Ro ...
Roblox is turning a corner, but can it complete a reversal?
MarketBeat· 2024-02-08 11:10
Key PointsRoblox had a strong Q4, highlighted by record bookings. The company issued favorable guidance and a healthy long-term forecast. The market is moving higher but may have trouble breaking out of its trading range. 5 stocks we like better than RobloxThe Roblox NYSE: RBLX market has been rangebound for two years, but that situation is changing. The company leaned into optimizing its business, growing its base and building the platform for future growth, as shown in the Q4 results. The results reflect ...
Roblox Stock Surges as Video Game Company's Q4 Results Beat Estimates on Record Bookings
Investopedia· 2024-02-07 18:25
Key TakeawaysRoblox posted better-than-expected quarterly results as the online video game company's bookings took off and it added users.Bookings, which include sales in a quarter and deferred revenue, hit an all-time high.Roblox's current quarter and full-year bookings guidance came in above estimates.Shares of Roblox (RBLX) surged after the online video game company reported higher-than-forecast quarterly results on the back of record bookings.Bookings, which the company defines as sales as well as the c ...
Roblox(RBLX) - 2023 Q4 - Earnings Call Transcript
2024-02-07 16:23
13 is a really good sign. We attribute it to such a wide range of things, quality of the platform, search and discovery, organic growth of new older players, existing players retaining and aging up. David Baszucki Mike Guthrie Clark Lampen I don't have in front of me the voice DAU number. I shared 161% voice DAU growth year-over-year in the quarter. Our internal metrics, when we look at users who are using voice, show lovely gains on retention, on engagement, and on other aspects. So, there is a network eff ...
Roblox (RBLX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-07 16:00
Roblox (RBLX) reported $1.13 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 25.3%. EPS of -$0.52 for the same period compares to -$0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of +4.75%. The company delivered an EPS surprise of +8.77%, with the consensus EPS estimate being -$0.57.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
Roblox Looks to Capture Network Effects From AI, Metaverse Headsets
PYMNTS· 2024-02-07 15:37
The metaverse, creator economy and artificial intelligence (AI) are among the 21st century’s biggest trends.And video game developer Roblox, which enjoyed its first-ever quarter with over $1 billion in bookings, finds itself at the intersection of all three.This, as Roblox announced its fourth-quarter and full-year 2023 financial and operational results on Wednesday (Feb. 7), before market open.“We finished 2023 with another strong quarter of growth as we continue to drive innovation and new experiences acr ...
Roblox (RBLX) Reports Q4 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-02-07 15:11
Roblox (RBLX) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.77%. A quarter ago, it was expected that this online gaming platform would post a loss of $0.52 per share when it actually produced a loss of $0.45, delivering a surprise of 13.46%.Over the last four quarters, the company has sur ...
Roblox earnings beat lifts stock higher
Proactive Investors· 2024-02-07 14:29
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Roblox earnings bring a big bookings milestone, sending the stock rocketing
Market Watch· 2024-02-07 14:00
Roblox Inc. shares tend to swing big after earnings and Wednesday’s results could bring a continuation of that trend. Shares of Roblox RBLX, +3.18% were rising 12% in premarket action after the gaming company set a milestone with its bookings figure and issued an upbeat outlook on the metric for the year ahead.The company generated fourth-quarter revenue of $749.9 million, up from $579.0 million a year before. Roblox also reported bookings of $1.13 billion, up from $899 million a year before and ahead of th ...