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Roblox Stock Sinks 20% As Q3 Earnings Miss Expectations

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Roblox stock fell 20% mid-afternoon as its third quarter earnings marked a $298 million loss to shareholders this quarter. The stock is currently trading at $31.15.

BRAZIL - 2021/03/30: In this photo illustration Roblox logo seen displayed on a smartphone. Roblox is a multiplayer online game and video game creation system.

But investors may be willing to take a long-term view with Roblox, mainly because of “incremental signs of progress” on quarter to quarter earnings, including size of network and monetization rates. “People are using Roblox as a utility to get together,” said Michael Guthrie, chief financial officer of Roblox during an earnings call ahead of market open on Wednesday morning.

 

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Maybe $RBLX will go bankrupt so I won’t have to buy my kid Robux anymore. 🙄

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Roblox stock sinks after earnings as losses swellRoblox shares were tumbling after the company posted a wider loss than expected for the latest quarter. $RBLX reported a loss of $297.8 million, or 50 cents a share, compared with a loss of $74.0 million, or 13 cents a share, in the year-ago period: A complete disaster I wrote about it this morning Coincidence that this was announced AFTER the election? $RBLX
Källa: MarketWatch - 🏆 3. / 97 Läs mer »