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Game on for Roblox

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Miguel A. Rodriguez
Miguel A. Rodriguez
09 November 2021
The online game platform and creation system jumped on stronger-than-expected third-quarter analysts

Roblox, which became a publicly traded company earlier this year, posted adjusted revenues of $637.8 million. Analysts were looking for $636.5 million. At the same time, bookings grew 28% year over year in the quarter. Excluding the advanced payments received for products and services (deferred revenue), Roblox scored revenues of $509.3 million, up 102% YoY. In the previous quarter, revenue increased 127%.  However, it revealed a loss per share of 13 cents.

The company said it had more than 47.3 million average daily active users, up 31% compared to last year’s figures and up from 43.2 million in Q2.

Following the news, during the extended trading hours on Monday, Roblox share price surged 35%. Including the recent movement, the stock price added more than 60% since its March stock market debut.

 

Sources: cnbc.com, seekingalpha.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.