Roblox rebounds after Q1 report, analysts highlight potential for second half improvement

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Roblox rebounds after Q1 report, analysts highlight potential for second half improvement

seekingalpha2022-05-11

Roblox (NYSE:RBLX) shares rebounded early Wednesday after the online gaming platform company posted first-quarter results that were weaker-than-expected, but some analysts said there was potential for...

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Cyberkien
·2022-05-11
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KeyBanc Capital Markets analyst Tyler Parker noted that Roblox's (RBLX) story \"remains the same,\" citing \"healthy\" daily active user growth and but lower monetization compared to last year, due in large part to tough comparisons and international growth.  \"Monetization should follow user growth and engagement, so we'll be looking for any commentary to instill confidence in the potential return to growth in the coming months,\" Parker wrote in a note to clients.  Roblox (RBLX) shares were up nearly 1% to $23.40 in premarket trading on Wednesday after having dipped on Tuesday. In addition, Parker noted that some of the commentary in the Roblox (RBLX) shareholder letter was \"interesting,\" particularly around monetization opportunities including discovery and its vast user-generated catalog. It's possible that advertising may also improve monetization, but that's viewed as a \"medium-term opportunity\" rather than something that will help this year.  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