Roblox Corporation (NYSE:RBLX) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Stefanie Notaney - Senior Director, Financial Communications David Baszucki - Co-Founder and CEO Mike Guthrie - CFO Conference Call Participants Bernie McTernan - Needham & Company Drew Crum - Stifel Omar Dessouky - Bank of America Cory Carpenter - JPMorgan Clark Lampen - BTIG Eric Handler - ROTH MKM Operator Good morning. My name is Tamika and I will be your conference operator. At this time, I would ...

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' ...

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 ...