Roblox Stock: Bear vs. Bull
Roblox's (NYSE: RBLX) stock price plunged 22% on Aug. 9 after it posted its second-quarter earnings report. The gaming platform company's revenue rose 15% year over year to $681 million, while its bookings -- which reflect its underlying Robux virtual currency sales -- rose 22% to $781 million and exceeded analysts' estimates by $3 million.
But on the bottom line, Roblox's net loss widened from $176 million to $283 million, or $0.46 per share, which missed the consensus forecast by two cents. That earnings miss -- along with its slower-than-expected growth in daily active users (DAUs), hours engaged, and average bookings per DAU (ABPDAU) -- sank its stock.
Let's see what the bears and bulls will likely tell you about Roblox's latest numbers.
Source Fool.com
