Will Roblox witness a rise or slump in bookings for Q2?
Roblox (NYSE:RBLX) $Roblox Corporation(RBLX)$
The consensus EPS Estimate is -$0.26 and the consensus Revenue Estimate is $625.43M (-6.0% Y/Y).
Adjusted EBITDA is expected to plunge over 57% to $71.4M.
Last quarter, the stock slumped 12% on bookings decline, April showed a steeper drop.
Previous quarter report showed an indication of trends came from a breakout of April metrics: Bookings were down 8-10% to $221M-$224M, while DAUs rose 23% to 53.1M.
Wall Street believes that the stock ended June with just under 54M Daily Active Users (DAUs), down 105,000 from the end of March but still almost 25% higher than the year before.
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