To The Moon

🌟🌟🌟$Roblox Corporation(RBLX)$ Share price tumbled 21% today after it released its Q2 23 Earnings Report. Roblox is down 29% in the past year and only up 5% year to date. What happened? Is Roblox A Buy? Let's dive in. Revenue was USD 680.8 million, up 15% year over year. Bookings were USD 780.7 Million, up 22% year over year. Average Daily Active Users were 65.5 million, up 25% year over year. Average monthly unique payers were 13. 5 million, up 19% year over year. Hours engaged were 14 billion, up 24% year over year. Average bookings per Daily Active Users was USD 11.92, down 3% year over year. Even though Roblox 's revenue hit an all time high of USD 680 million beating analysts' expectations of USD 666 million, the increase did not result in a better bottom line. Net Loss widened to USD 282 million and wider than the USD 176 million loss from last year. The main reason was Roblox's research and development division. It spent USD 315 million this quarter, a 49% increase. This came from AI research. Also driving costs were Roblox 's investment in infrastructure as outlays increases 24% to USD 132.5 million. The loss per share was 46 cents compared to 30 cents last year. Roblox announced that it would add AI driven products into its creator and editor suites, making it easier for developers to devise new games. Roblox allows programmers to create games that appear in its Metaverse platform and earn Robux, its in game currency. Developers get a 24.5% cut of Robux transactions in their specific games, with the rest going to Roblox. Advertising revenue which is important was not reported today but according to CEO David Baszucki, revenue was already coming from businesses like Nascar, retailer H&M and makeup brand NARS. The global online gaming market size was valued at USD 56 billion in 2021 and expected to grow to USD 132 billion by 2030. The increasing number of gamers globally is the main factor driving up the online market revenue. Roblox has created a niche market with its laser focus on Metaverse. Its vision is to reimagine the way people come together to create, play, explore, learn and connect with one another. Roblox has built a global community of millions of developers and creators, making new experience for users to explore. So even though Roblox 's share price is so volatile, it is setting new frontiers for the future. Metaverse is our new frontier that has just begun and will bring us to the next century and beyond. So Roblox is a Buy as it is a pioneer in this new exciting world. However patience and time in the market are required when investing in Roblox to reap its maximum potential in the long term. @Daily_Discussion @TigerStars @MillionaireTiger @TigerClub @Tiger_comments @Tiger_comments @Trend_Radar @CaptainTiger