What's In Store For Roblox In Q3 Earnings? Analyst Sees Path For Adj. EBITDA Margin Improvement

Benzinga2023-10-25

Stifel analyst Drew E. Crum reiterated the Buy rating on Roblox Corporation with a price target of $41.The company will report third-quarter 2023 financial results before opening the U.S. markets on ...

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William_Ong
2023-10-25
William_Ong
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Crum reiterated the Buy rating on Roblox Corporation with a price target of $41.The company will report third-quarter 2023 financial results before opening the U.S. markets on ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35400666/whats-in-store-for-roblox-in-q3-earnings-analyst-sees-path-for-adj-ebitda-margin-im\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's In Store For Roblox In Q3 Earnings? Analyst Sees Path For Adj. 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Analyst Sees Path For Adj. EBITDA Margin Improvement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-25 16:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35400666/whats-in-store-for-roblox-in-q3-earnings-analyst-sees-path-for-adj-ebitda-margin-im><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stifel analyst Drew E. Crum reiterated the Buy rating on Roblox Corporation with a price target of $41.The company will report third-quarter 2023 financial results before opening the U.S. markets on ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35400666/whats-in-store-for-roblox-in-q3-earnings-analyst-sees-path-for-adj-ebitda-margin-im\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBLX","symbol_name":"Roblox Corporation","start_time":0,"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35400666/whats-in-store-for-roblox-in-q3-earnings-analyst-sees-path-for-adj-ebitda-margin-im","article_id":"1120870622","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120870622","pubTimestamp":1698223469,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"Stifelanalyst Drew E. 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Crum reiterated the Buy rating on Roblox Corporation with a price target of $41.The company will report third-quarter 2023 financial results before opening the U.S. markets on Wednesday, Nov. 8, 2023. Crum writes that RBLX has lost nearly -20% of its market cap since reporting 2Q results in early August. But the analyst sees Q3 earnings and a subsequent investor day in mid-November as potential catalysts, providing the company an opportunity to address several initiatives, including a path for AEBITDA margin improvement.Crum says the 3Q estimate is unchanged at +17% (y/y) to $824 million (in line with consensus), which reflects higher DAUs (+21% y/y; +9% q/q) against lower monetization with ABPDAU down (-3% y/y; -4% q/q).The analyst projects hours engaged at 15.2 billion (+13% y/y; +9% q/q).According to Sensor Tower, mobile downloads increased +23% y/y (+8% q/q), while mobile MAUs and DAUs were both up +34% y/y (+14% q/q), suggesting healthy engagement for the period, notes the analyst.IAPs revenue rose +8% y/y (+4% q/q), lagging the analyst's bookings assumption (though several variables may have distorted this comparison).The analyst's AEBITDA forecast for $40 million (-22% y/y) suggests a margin of 4.8% (-250 bps y/y; -10 bps q/q) which is comparable to (though slightly more pessimistic vs.) consensus at 5.4% (+50 bps q/q).If accurate, this would represent the lowest AEBITDA margin for Roblox as a public company, but should improve going forward.The analyst notes, RBLX is uniquely positioned at the intersection of content and social, two \"viral loops\" that provide a mutually reinforcing network effect that together should drive audience growth, higher engagement, and improved monetization. Taken together, the company can deliver double-digit bookings growth going forward, Crum adds. The analyst increased FY23 bookings estimates to $3.43 billion from $3.41 billion.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":234351434408056,"gmtCreate":1698223694452,"gmtModify":1698223698655,"author":{"id":"3577537700480609","authorId":"3577537700480609","name":"William_Ong","avatar":"https://static.tigerbbs.com/ee606cb5c0ab279a8bf6598ffe32d23c","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"idStr":"3577537700480609","authorIdStr":"3577537700480609"},"htmlText":"Z🙃","listText":"Z🙃","text":"Z🙃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234351434408056","repostId":1120870622,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1120870622"}