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(Reuters) -Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers and engagement.
Still, Roblox's projection points to a third consecutive year of roughly 20% growth in bookings, even as rivals grapple with a slowdown in spending from customers stung by sticky inflation.
Roblox's fiscal 2024 investor guidance of $4.2 billion in bookings is about 2% of the global gaming market, which Baszucki estimates currently at $160 billion and $180 billion, the Verge reports ...
Roblox's cleanup of bots and inactive accounts could be tied to the decline in daily active users, analysts said. The move: Roblox stock plunged as much as 20.3% on Thursday. The chart:
This was the first time Roblox offered earnings and revenue guidance to its investors since the company went public in 2021. Roblox's statements included, among other things, that Roblox expected $4.14 billion to $4.28 billion of "bookings" in fiscal year 2024—reflecting 25%-27% annual growth—and $3.3 billion to $3.4 billion annual revenue.
Goldman Sachs On Roblox Analyst Eric Sheridan maintained a Neutral rating while slashing the price target from $48 to $38. Roblox indicated it witnessed a decline in engagement in the first ...
Roblox already had good momentum going into the week. With that gust of wind at its back Roblox's stock was enjoying a nearly 18% gain week to date as of late Thursday evening, according to data ...
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