Roblox stock

2022 - 2 - 16

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Roblox stock logs worst day ever as kids put down their devices (MarketWatch)

Roblox Corp. shares plummeted Wednesday for their worst day since going public, as more "once-stuck inside kids" are going outside and making it harder for.

Then, in January, ABPDAU was between $4.02 and $4.08, a drop of 22% to 23% from a year ago. “The big picture monetization metrics were disappointing,” Uerkwitz said. In response to the report, at least three analysts decreased their price targets, and one reduced his rating on the stock to hold. The average price target as of Wednesday morning was $102.92. For the fourth quarter, Roblox reported ABPDAU of $15.57, a 10% drop from a year ago, and in the third quarter, ABPDAU declined 2% to $13.49 from the previous year. Jefferies analyst Andrew Uerkwitz pointed to the most important culprit for the pullback in a note: “Once stuck-inside kids and teens are now spending weekdays off their devices and out in the real world.”

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The Gen-Z gaming platform that skyrocketed in popularity during the pandemic lost $10 billion in market value Wednesday.

Like Roblox, the stock is now down about 60% from its record high in November. Roblox isn't the only tech stock plunging Wednesday morning after a worse-than-expected earnings report. Roblox shares were trading around $55, close to a record low of $53.63 set last month, after it reported a worse-than-expected loss after the close Tuesday of $143 million in the fourth quarter, nearly triple the $59 million loss one year earlier.

Roblox shares close down 26% after earnings miss (unknown)

The gaming company reported fourth-quarter revenue of $770 million, below the $772 million that analysts expected.

The gaming company reported fourth-quarter revenue (bookings) of $770 million, below the $772 million expected, per Refinitiv consensus estimates. - The gaming company reported fourth-quarter revenue of $770 million, below the $772 million that analysts expected. It recently partnered with companies such as Nike and the NFL.

Roblox Stock After Earnings (unknown)

Roblox stock took a post-earnings beating on an all-around Q4 miss. At the same time, the company's growth story seems far from over.

On one hand, Roblox stands to benefit from the massive opportunities in gaming and the metaverse. The author may be long one or more stocks mentioned in this report. Having said the above, it is hard to make a strong argument against growth in Roblox’s key operating metrics. All of the above seems bullish for a buy-the-dip move here. Shares of the tech company, one that is widely considered a key player in the metaverse revolution, sank 15% after releasing its earnings report. Yet, while shares have been down, they may not be out, as the company’s growth story continues to unfold.

Why Roblox Stock Crashed Today (unknown)

Roblox expects a further deceleration in its growth in the first quarter of 2022. The company said its revenue growth slowed to roughly 65% in January, while ...

Roblox expects a further deceleration in its growth in the first quarter of 2022. So it's possible that Roblox's slowing growth rates are now reflected in its fallen stock price. That could be a problem for a game platform that relies on player engagement to drive its growth.

Roblox Stock Falls More Than 25% as Kids Return to Classroom (unknown)

The online-entertainment company's quarterly results added to investors' concerns about its ability to grow users as the pandemic fades.

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