RBLX Up Despite Mixed Q1 Results
Market News

RBLX Up Despite Mixed Q1 Results

Shares of global entertainment platform Roblox (NYSE:RBLX) are in focus today after the company announced first-quarter numbers.

Revenue rose 22.6% year-over-year to $655.3 million, but lagged estimates of $767 million. Net loss per share at $0.44 too came in wider than estimates by $0.09.

Bookings during the period increased by 23.5% over the prior year to $773.8 million. Further, while average daily active users rose by 22%, average bookings per daily active user remained relatively flat for the period.

Overall, the Street has a $44.36 consensus price target on RBLX pointing to a 22.6% potential upside in the stock. That’s after a 19.6% slide in the share price over the past month.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
RUT
Russell 2000
TNX
10-Yr-Bond
Bitcoin

Popular Articles