Roblox Corp. (RBLX) reported mixed first-quarter results, narrowly missing consensus revenue expectations with a total of $801.3 million, a 22% increase year-over-year. The company's bookings rose by 19% to $923.8 million. However, Roblox issued a weaker guidance for 2024, reducing its bookings forecast by 4%. This adjustment overshadowed the revenue increase and in-line EBITDA and free cash flow figures. The stock reacted negatively, dropping over 18% in pre-market trading. Additionally, there are speculations about potential changes in the company's financial leadership, with discussions about the CFO's future following a history of unfavorable investor relations. The net loss attributable to common stockholders was $270.6 million, with a consolidated net loss of $271.9 million, and an adjusted EBITDA of $(6.9) million.
$RBLX disappointing guide down today. my big takeaway is that the CFO is gonna get the ax. his rep has always been bad with investors, last straw today. RR i think similar to last summer, great buy < $26-30. Using 4-6x multiple on bookings= $23-44 trading range. $7 down, $14 up.… https://t.co/mulMzncvco
$RBLX Earnings: - Revenue was $801.3 million, up 22% year-over-year. - Bookings were $923.8 million, up 19% year-over-year. - Net loss attributable to common stockholders was $270.6 million, while consolidated net loss was $271.9 million. - Adjusted EBITDA was $(6.9) million,… https://t.co/fNryiTRgBU
$RBLX '24 revs bumped up and ebitda/FCF in-line but it's a bookings story which is leading indicator
$RBLX q1 mixed but biggest issue is taking down '24 bookings guide by 4%- that setup got dicey with big move but think most didn't see the '24 guidedown, obv
$RBLX narrowly misses consensus revenue expectations and posts weak guidance. The stock is down over 18% in pre-market trading. https://t.co/TqRSKQqytA