Sunday, December 5, 2021

Does Investing In Roblox Corporation (RBLX) A Smart Move?

Roblox Corp. (NYSE: RBLX) released its first-quarter earnings report earlier this week. Growth in earnings and subscriber numbers are the main driving forces of this gaming platform.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Despite the company’s online gaming platform’s popularity during COVID-19, Roblox’s customer base remains loyal at the end of the crisis. In the meantime, Roblox itself does not produce content for the platform, relying instead on an 8 million strong community of creators and developers. To attract new customers, the company believes it is necessary to invest substantially in content quality. Roblox’s first-quarter revenues were 30 %attributed to developer fees, the company’s largest expense. It is because of this that the company suffered a $ 135 million operating loss in the last quarter.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Roblox Corp. (NYSE: RBLX) users expanded 37 % over the past quarter to nearly 43 million. Users on the platform have spent 3.2 billion hours on the platform in just one month. There have been over 10 billion hours spent on the platform during the quarter. Spending more time on the platform is a sign of quality content being found on it. However, one of the key indicators of potential growth is the number of subscriptions generated per daily active user.

The first quarter saw sales of $ 387 million for Roblox, up 140 % year-over-year. It is also important to note that the platform has expanded into international markets, especially China through its partnership with Tencent. Among the top 250 developers worldwide were Chinese developers, according to the company.

Roblox’s growth advantage is that it will be available on other consoles and hardware, like the Nintendo Switch, Sony Playstation, and Facebook’s Oculus Quest (currently unavailable on any of those devices).

In the last trading session, shares of Roblox Corporation (RBLX) were trading at $89.71. The price range of the company’s shares was between $87.59 and $97.50. The company traded 19.85 million shares. During the last five days, RBLX’s shares gained 27.70%, and in the past month, they gained 28.86%. The company’s price to book ratio stands at 96.50 currently.

Latest news

What the Analysts Are Forecasting for Ulta Beauty Inc. (ULTA) Earnings

The third quarter results of Ulta Beauty Inc. (NASDAQ: ULTA) are expected to be released this week. Investors anticipate that the company's yearly sales...

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

Related news

What the Analysts Are Forecasting for Ulta Beauty Inc. (ULTA) Earnings

The third quarter results of Ulta Beauty Inc. (NASDAQ: ULTA) are expected to be released this week. Investors anticipate that the company's yearly sales...

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam