Sign In

Roblox Stock Tumbled 26%

admin 2022.02.17 20:35 Views : 176

Some companies saw exceptional growth at the height of the pandemic and those focused on online gaming were among the beneficiaries. Similar to other segments which have suffered since the economy’s reopening, the growth rate has slowed down since.

This was evident in the latest quarterly report of Roblox (RBLX). Investors reacted badly as the online gaming platform missed both on the top-and bottom-line in Q4, and sent shares down about 26% in the subsequent session.

EPS of -$0.25 missed the Street’s call of -$0.12, while Q4 bookings increased by 20% year-over-year to $770 million, yet the figure came in $2 million shy of the consensus estimate.

The problem for Roblox is that on top of the disappointing performance, the near-term outlook doesn’t hold much promise either.

For Stifel analyst Drew E. Crum, the key takeaway from the update is the fact January 2022 bookings “experienced a deceleration relative to past months,” and increased by only 2%-3% year-over-year vs. the October/November/December rates of +15%, +23%, and  +21%, respectively.

No. Subject Author Date Views
109 The three major stock exchanges in the United States are: admin 2024.03.04 515
108 Tesla could start building a lithium refinery admin 2022.09.09 623
107 Tesla triples deliveries of China-made cars after upgrade in Shanghai plant solatoz@gmail.com 2022.09.08 665
106 TESLA SMART SCORE & RATINGS solatoz@gmail.com 2022.09.08 658
105 Tesla can surge 30% admin 2022.09.06 631
104 Tesla stock is big buy, Goldman Sachs says solatoz@gmail.com 2022.09.06 558
103 TESLA - Reports & Ratings - 09/01/2022 admin 2022.09.01 175
102 CFRA REITERATES STRONG BUY RECOMMENDATION ON SHARES OF TESLA INC. file solatoz@gmail.com 2022.08.18 217
101 Why Tesla Stock Crashed Today file admin 2022.05.05 223
100 Elon Musk - 'No further TSLA sales planned after today.' admin 2022.04.28 248
99 Nasdaq Falls 4% As Tesla, AMD Take A Big Slide admin 2022.04.26 233
98 Disney Stock Tumbles Amid Fallout From Florida Controversy admin 2022.04.23 230
97 Downgraded Twitter stock from [hold] to [sell] file admin 2022.04.15 220
96 Tesla's Giga Shanghai To Resume Operation Beginning Monday Following Protracted Shutdown: Report file admin 2022.04.15 187
95 Where Will Tesla Stock Be In 2030? Analyst Weighs In file admin 2022.04.09 222
94 Tesla stock split indicates 'a massive position of strength,' file admin 2022.03.29 179
93 Tesla (TSLA) is aiming for another stock split this year pending shareholders’ approval admin 2022.03.28 198
92 A quarter point file admin 2022.03.03 197
91 Russia-Ukraine conflict is a worry, but this is still the biggest threat for stock investors file admin 2022.02.23 224
» Roblox Stock Tumbled 26% admin 2022.02.17 176