My Favorite Metaverse Stock Just Went on Sale
Roblox(RBLX) The Motley Fool·2024-05-10 09:11
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, ...