The revenue (TTM) is $2.34 Billion, while the (YoY) quarterly revenue growth is 22.00%, and the gross profit (TTM) is $364.46 Million. At the same time, the reported earnings of minus $0.46 per share also could not beat the expected value of negative $0.437 per share by 5.32%.Įven though the drop was not as massive as the price drop, the other financial metrics caused the RBLX stock price to drop. Roblox reported its second-quarter earnings on August 9, 2023, where the reported revenue of $780.7 Million failed to beat the estimated value of $784.992 Million by 0.55%. Analysts placed a 2.25 rating for “hold” and estimated a price target at $40.48 with a 37.4% upside. The trailing twelve-month (TTM) earnings per share (EPS) is negative $1.73, showcasing weakness. With a volume of 56.93 Million shares, the market cap is $17.991 Billion. The 52-week range is from $25.32 to $53.88, indicating the current stock price is closer to the bottom. (NYSE: RBLX): Technical AnalysisĪt press time, RBLX stock is trading at $29.46, falling 21.94% previous close and open were at $37.74 and $32.44, respectively. Its CEO David Baszicki says that the booking growth will soon surpass the infrastructure spending in Q3 2023 this should help Robolx Corp’s financials.

During the COVID-19 pandemic, Roblox increased its spending on infrastructure and talent. The net loss surged as the expenditure to support the growth increased. Despite this jump, Roblox reported a net loss of $282.8 Million which was $176.4 Million in Q2 2022. Also, this quarter, users spent over 14 Billion hours playing, which is a YoY jump of 24%. However, the bookings gained 22% year-over-year (YoY) and reported $639.9 Million in Q2 2022.

Roblox stock predictions