Video Gaming Stocks Q4 Earnings: Roblox (NYSE:RBLX) Best of the Bunch [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
Today, we are looking at video gaming stocks, starting with Roblox (NYSE:RBLX). Since videogames were invented in the 1970s, they have gradually taken more share of entertainment time. Ubiquitous mobile devices have powered a surge in “snackable” games that can be played on the go. Over time, games have developed more social engagement features where friends can play games together over the internet. The business models of games publishers have become less volatile due to digitization of distribution, in game monetization, and like Hollywood, an increasing dependence on surefire hit franchises. Covid driven lockdowns accelerated adoption and usage of videogames – a trend that has not slowed. The 4 video gaming stocks we track reported a weak Q4; on average, revenues missed analyst consensus estimates by 17.7%, while next quarter's revenue guidance was 11% below consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of v
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News
- 1 Wall Street Analyst Firm Thinks Roblox Stock Is Going to $55. Is It a Buy Around $37? [Yahoo! Finance]Yahoo! Finance
- Smaller social platforms are adding TikTok-like features as TikTok's future hangs in the balance [Yahoo! Finance]Yahoo! Finance
- Smaller social platforms are adding TikTok-like features as TikTok's future hangs in the balance [Fortune]Fortune
- Gen Alpha will have $5.5 trillion of spending power by 2029 and CFOs see them just ‘a click away from purchasing things' [Fortune]Fortune
- Can Roblox (RBLX) Climb 34.09% to Reach the Level Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
RBLX
Earnings
- 2/7/24 - Beat
RBLX
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form 4
- 4/24/24 - Form 144
- RBLX's page on the SEC website