Even after cramming its video game with Walmart ads and billboards, Roblox struggles to tap into the wallets of extremely online Gen Alpha [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
strikes over in-game payment systems and have built art marketplaces and resale markets. But investors in the real world are not confident in the game's ability to keep growing. The company fell significantly short of the expected $929 million in revenue in its most recent quarter, posting a little over $800 million. It slashed its forecast for annual bookings, or revenue through sales, to between $4 billion and $4.10 billion, down from a previous estimate of $4.14 billion to $4.28 billion. Roblox's share prices plummeted almost 20% on Thursday following the announcement. While the hours spent gaming by users 13 and up grew 19% this quarter, it was the smallest growth rate for Roblox in two years. Roblox CFO Michael Guthrie said the platform is attracting older audiences , who take longer to settle in and clock in gameplay, and its CEO added that the company is optimistic on its future growth. “Our teams have been hard at work identifying opportunities to drive [daily active use
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News
- Roblox Stock (NYSE:RBLX): Short-Term Headwinds Mask Growth Potential [Yahoo! Finance]Yahoo! Finance
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- Minecraft Is an Infinite Sandbox That’s Being Beaten in Minutes [The New York Times]The New York Times
RBLX
Earnings
- 5/9/24 - Beat
RBLX
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- RBLX's page on the SEC website