Oppenheimer analyst Martin Yang initiated coverage of Roblox with a Perform rating and no price target. While Roblox has proven success taking share in the video game market, the firm sees risks to its long-term growth and ability to gain more lucrative audiences. Oppenheimer believes a structurally lower payout to developers compared to competing platforms will impact growth in engagement and bookings in the next two to three years, the firm tells investors.
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Published first on TheFly
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