Roblox: Slow Progress On Growth Initiatives Leaves The Stock Vulnerable
Roblox(RBLX) Seeking Alpha·2024-08-30 19:40
JasonDoiy Roblox Corporation's (NYSE:RBLX) business continued to rebound in the second quarter, with revenue growth and cash flow areas of particular strength. While this is positive, Roblox's cost structure is problematic, and it is not clear if or when this will be resolved. AI-enabled moderation and scaling of the advertising business are probably the most viable near-term paths to improved profitability. Initiatives in these areas will take time to yield meaningful results, though. I previously suggeste ...