Roblox Corporation (RBLX) experienced a significant drop in its stock price following its latest earnings report. The company reported a revenue of $801.3 million, which was up 22% year-over-year, but narrowly missed consensus revenue expectations. Bookings increased by 19% to $923.8 million, with Daily Active Users (DAUs) up 17% year-over-year to 77.7 million and Average Booking per DAU (ABPDAU) increasing by 2% to $11.89. Despite these gains, the company posted a net loss of $271.9 million and adjusted EBITDA of -$6.9 million. Additionally, Roblox issued weaker-than-expected guidance for future bookings, reducing its 2024 bookings outlook by 4% and expecting Q2 bookings to fall short by 5%. This guidance led to a sharp decline in pre-market trading, with the stock ultimately closing down 22.06% at $30.42.
$RBLX Q1 earnings results: Revs up 22% y/y to $801.3M Bookings up 19% y/y to $923.8M DAUs up 17% y/y to 77.7M Avg. Booking/DAU (ABPDAU) up up 2% y/y to $11.89 Expect Q2 revs to be min $855M, up ~26% y/y $RBLX closed down 22.06% to $30.42 today. Shareholder Letter:… https://t.co/z4LiC36UzY https://t.co/8gdNHYsgoP
$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 Bookings guide... Yikes! Where are these eyeballs moving?
$RBLX also guided q2 bookings 5% light- will take a hard look on this big break as downmove way bigger than revision but what's new- never was a "cheap" name as have said many times was an issue
$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
$RBLX rev miss, stock down over 11% pre-market