Previous close | 30.47 |
Open | 29.72 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 70.00 |
Expiry date | 2024-01-19 |
Day's range | 29.72 - 30.50 |
Contract range | N/A |
Volume | |
Open interest | N/A |
The online game creator reported a strong set of earnings as it gears up for better operating leverage.
Roblox (NYSE: RBLX) has an incredibly unprofitable business, with losses totaling more than $924 million last year. Roblox's online gaming platform depends heavily on its having an active user base. Getting more people to use and play Roblox will, in turn, lead to more spending on the platform as well.
Through new forms of digital artistry and cutting-edge technological innovation, today’s leading beauty companies hope to reach Web3-native consumers, create meaningful experiences and perhaps even clean up their supply chain.
There's no real secret to how Roblox (NYSE: RBLX) managed to outperform analysts' expectations for gross bookings last quarter. The math is simple, and it suggests gross bookings -- a key metric for Roblox -- will continue to accelerate going forward after falling during the first half of 2022. The figure providing the greatest confidence in that regard is average bookings per daily active users (ABPDAU).
With June's arrival, we're racing toward the halfway mark of 2023 -- and valuations for growth stocks have also generally been racing higher. The growth-heavy Nasdaq Composite index has now climbed 25% year to date, but there are still top tech companies trading at levels that leave room for investors to see explosive gains over the long term. Following its initial public offering in March 2021, Roblox (NYSE: RBLX) stock went on to hit a lifetime high of nearly $135 per share in November of that year as pandemic-related conditions helped the company record stellar engagement and bookings growth.
Don't jump to conclusions just because the metaverse isn't quite the priority it used to be for Facebook parent Meta.
Roblox (NYSE: RBLX) shares had been rallying ahead of its much-anticipated earnings update in mid-May, and the company didn't disappoint. Revenue growth was strong, and cash-flow trends impressed, even as the digital-entertainment specialist continued to book net losses. Most Wall Street headlines focused on Roblox's accelerating growth rate that has pushed sales gains up to over 20% today from a negative result a few quarters back.
These companies operate at the intersection of technology and media trends, and have what it takes to be big winners.
Despite the market's recent volatility, some companies are offering investors sizzling stories worthy of consideration.
I'm no fan of the saying, "Sell in May and go away." Unsurprisingly, and in keeping with The Motley Fool's guidance, I tend to hold stocks for the long term. In fact, rather than selling in May, I'm adding shares to my portfolio this month.
Roblox (NYSE: RBLX) is an online gaming platform that lets users play games in various virtual 3D worlds. The large community aspect of Roblox has made it a huge hit among children and adult video game enthusiasts. Roblox went public in March 2021 at $62.50 per share, and by November 2021 its stock price was over $130.
While the Nasdaq Composite index is up roughly 21.5% this year, it also remains down roughly 21% from its all-time high. Growth stocks are still in bear market territory, and many companies that saw big valuation boosts at the height of the pandemic continue to trade at massive discounts compared to previous highs. In addition to bullish catalysts created by stimulus initiatives and low interest rates, many software companies saw engagement catalysts from shelter-in-place and social-distancing conditions.
When growth stocks were in a bull run, it seemed like the stock market was printing money. It has been a great 2023 for Shopify's (NYSE: SHOP) stock, up over 70% year to date. Shopify's lackluster 2022 can be attributed to macroeconomic conditions, with high inflation slowing down consumer spending (especially on non-essential items that Shopify's merchants tend to sell).
Investors looking at purchasing growth stocks have two excellent options in Roblox (NYSE: RBLX) and The Trade Desk (NASDAQ: TTD). Fool.com contributor and finance professor Parkev Tatevosian picks his favorite.
At its annual developers conference, Google's parent company reminded everyone how it got to be one of the most dominant businesses in the U.S.
After initially sending shares lower, investors changed their minds and pushed Roblox (NYSE: RBLX) stock higher following its recent first-quarter earnings report. The online gaming platform provided support for both the bullish and bearish thesis on the stock, with good news on engagement offset by significant net losses. Let's take a closer look at those growth and financial trends, and what they might mean for this tech stock.
Gaming platform company Roblox (NYSE: RBLX) is an exciting stock to look at right now. Despite being down 71% from its late 2022 high, the business performance over the past year has me thinking now might be the best time to pick up shares. When Roblox came public in early 2021, one of the biggest questions surrounding the business was how sticky the platform would be as its users get older.
Discover how a pair of beaten-down stocks are poised for a major comeback. A $2,000 investment today could earn substantial returns over the long haul.
This is a big market for content platforms like Roblox (NYSE: RBLX) and leading gaming peripheral brands like Corsair Gaming (NASDAQ: CRSR). If you're interested in adding a gaming stock to your portfolio, here's why these two stocks would be great choices in May. Roblox saw its platform continue to welcome new users over the last year, but the company's financial results were somewhat lacking.
Roblox Corporation ( NYSE:RBLX ) shareholders might be concerned after seeing the share price drop 14% in the last...
Depending on who you talk to, the metaverse is already dead. Epic Games CEO Tim Sweeney recently published a brief obituary and open wake invitation for the tech movement in a message on Twitter -- but be sure to read it with your sarcasm detectors piqued and fully up to date. The metaverse is dead!
Week to date, shares of Roblox (NYSE: RBLX) were up 13.8% through Thursday's closing price, according to data provided by S&P Global Market Intelligence. Earlier in the week, the gaming platform announced first-quarter earnings results. It beat the consensus analyst estimate for bookings (a non-GAAP measure of revenue).
Fool.com contributor and finance professor Parkev Tatevosian deciphers Roblox's (NYSE: RBLX) latest figures and shares his insights in this video. *Stock prices used were the afternoon prices of May 9, 2023.
U.S. stocks closed mostly higher on Wednesday, led by a tech rally after data showed that April's consumer price index cooled to its lowest annual rate in nearly two years.
Roblox's (RBLX) first-quarter 2023 results reflect a year-over-year decline in earnings and rise in revenues.