Roblox Reports Third Quarter 2022 Financial Results

Go back to Roblox Reports Third Quarter 2022 Financial Results

Roblox (RBLX) bar for growth much higher than JPMorgan thought

November 10, 2022 10:07 AM EST

JPMorgan 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 EST

Roblox (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 EST

Roblox (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