From Investing.com: 2024-05-10 07:05:58

Roblox’s stock plummeted over 22% after disappointing bookings guidance, despite exceeding Q1 earnings and revenue expectations. The company reported a loss per share of -$0.43, beating estimates, with revenue hitting $801.3 million. However, the guidance for Q2 fell short, leading to investor concern and stock price decline.

Industry expert, Yonatan Raz-Fridman, defends Roblox’s long-term potential, emphasizing increased daily users, user engagement, and future purchasing power. He believes in focusing on building a passionate community and establishing profitable avenues rather than immediate monetization. Raz-Fridman sees promise in expanding into emerging markets and working with top brands to solidify Roblox’s success in the metaverse.



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