Roblox Reports Third Quarter 2022 Financial Results
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Roblox (RBLX) bar for growth much higher than JPMorgan thought
November 10, 2022 10:07 AM ESTJPMorgan downgraded shares of Roblox (NYSE: RBLX) to Neutral from Overweight, cutting its price target on the stock to $35 from $53 in a note to clients on Thursday.
Analyst David Karnovsky told investors in a note that their previous view on Roblox was... More
Roblox (RBLX) shares tumble on wider-than-expected loss
November 9, 2022 10:05 AM ESTRoblox (NYSE: RBLX) shares tumbled early Wednesday following the company's third-quarter earnings release, which saw it miss analyst consensus estimates.
The online game platform reported a loss per share of $0.50, $0.20, worse than the analyst estimate of a loss of $0.30 per share. In addition, bookings for the quarter came in at $701.7 million, above the consensus... More
Roblox (RBLX) Misses Q3 EPS by 20c, Revenue Misses
November 9, 2022 8:03 AM ESTRoblox (NYSE: RBLX) reported Q3 EPS of ($0.50), $0.20 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $517.7 million versus the consensus estimate of $690.79 million.
Net cash provided by operating activities of $67.1 million; Free cash flow was $(67.7) millionBookings... More