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Roblox Shares Fell More Than 15% in Premarket Trading

Tiger Newspress2022-02-16

Roblox shares fell more than 15% in premarket trading.

Roblox Corp.reported bookings that missed analysts’ estimates in the fourth quarter, reflecting a retreat from the pandemic-inspired boost over the last two years as Chief Executive Officer David Baszucki urged investors to “take the long view” on the game platform company.

Bookings, which include revenue and deferred revenue and other adjustments, rose 20% from a year earlier to $770.1 million, the company said in a statement on Tuesday. Analysts were estimating $786.2 million, according to data compiled by Bloomberg.

Average daily active users increased 33% to 49.5 million, slightly less than the 50.5 million analysts were expecting. Much of that growth comes from countries in Asia, Latin America and Europe. And, in a shift, more than half of Roblox’s user base is now over age 13.

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Comment12

  • ZIONSOE
    ·2022-02-17
    I will enter when it drop to 60%
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  • Fredteh
    ·2022-02-17
    Buy at dip. Potential for growth. 
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  • MengKeng
    ·2022-02-17
    Let's monitor and then buy at a lower price and then sell high
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  • Tanpleric
    ·2022-02-16
    Oh man
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  • Meiyko Chan
    ·2022-02-16
    Stock up or sell out now? [Glance] [Gosh] 
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  • goldenboy
    ·2022-02-16
    [Spurting] 
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  • AriesSwa
    ·2022-02-16
    Everyone seeing what I am seeing? OPPORTUNITIES 😲😲🤔maybe it will go lower?🤔
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  • Handoko
    ·2022-02-16
    👌🏻
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  • MyoKyawOo
    ·2022-02-16
    Good thing I closed all my positions last month
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  • tlinh
    ·2022-02-16
    luckily i sold at 71, might go back in now that prices are low [Cool] 
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  • yct
    ·2022-02-16
    Calls got destroyed
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  • JQC
    ·2022-02-16
    Time to buy [smile] 
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