Roblox (RBLX) Reports Earnings Tomorrow: What To Expect
Gaming metaverse operator Roblox (NYSE:RBLX) will be announcing earnings results tomorrow before market open. Here's what to look for.
Roblox missed analysts' revenue expectations by 30.4% last quarter, reporting revenues of $749.9 million, up 29.5% year on year. It was a slower quarter for the company, with strong top-line growth. It reported 71.5 million daily active users, up 21.6% year on year.
Is Roblox a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Roblox's revenue to grow 41.8% year on year to $929.1 million, improving from the 22% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.53 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Roblox's peers in the consumer internet segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Electronic Arts's revenues decreased 5.1% year on year, meeting analysts' expectations, and Nextdoor reported revenues up 6.8%, topping estimates by 4.6%.
Read our full analysis of Electronic Arts's results here and Nextdoor's results here.
Investors in the consumer internet segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Roblox is up 3.6% during the same time and is heading into earnings with an average analyst price target of $50.3 (compared to the current share price of $40.51).
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