Video game developer Roblox (RBLX) has sold off hard since it announced its August metrics highlighted a few glitches at investor day. The downward moves come in the midst of general market heavy selling in the face of higher interest rates and raging inflation. August average bookings per daily active user (ABPDAU) fell 14-16% y/y and slightly from July to $3.89-3.96. The dip m/m was expected as the gaming companies most popular demographic (ages 9-12) is back at school, however y/y … Continue reading “Roblox Bookings Growth Continues to Decelerate, Is the Stock a Buying Opportunity?”
Video game developer Roblox launches on March 10 through a direct listing after raising $520 million from investors in a private funding round. The deal gives Roblox a $29.5 billion valuation at $45. The shares will trade under the ticker ‘RBLX’ on the New York Stock Exchange.