Roblox: Washed Out
- Roblox reported another month of weak monthly metrics, but DAUs rose 17% YoY.
- The company continues to face declining bookings with May numbers down up to 24%, though slightly better than April.
- The stock appears washed out after rallying twice on weak corporate news.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
In no huge surprise, Roblox () reported May monthly metrics and the numbers didn't impress one bit. As gamers turn to travel and leisure events, the market has known for a while now thatinvestment thesis