Promising Q1 results for Roblox as a public company

By: Miguel A. Rodriguez

12:29, 11 May 2021

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The gaming app for kids that gained popularity during the pandemic revealed its first earnings report since it became a publicly traded company in March

Roblox’s revenue was up 140% from a year ago, the figures coming in at $387 million. Still, it had a loss per share of 46 cents, more than 0.21 cents expected. The company’s net loss for Q1 was $134.2 million. 

Moreover, in the first quarter, its daily active users rose to 42.1 million, marking a 79% increase from last year. This led to a 98% increase of hours spent by users on the platform to 9.7 billion. Overall, it translated to $652.3 million in booking, up 161% year over year.

Roblox expects its revenue to reach a high of $145 million for the second quarter, up approximately 138% from April 2020.

After the news hit the wires, Roblox stock price gained 5%. Excluding its latest gain, the stock price fell 0.8% since the beginning of the year, while USA500 went up about 11.9%.

Find out more about Roblox IPO here!

Sources: cnbc.com, finance.yahoo.com

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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. 

Most affected instruments

ROBLOX Corp

$ 10

USA500

$ 10