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Roblox: Don't Chase

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Update - Feb. 15

More good bookings numbers from $RBLX.

-Roblox (NYSE:RBLX) shares rocketed up by almost 16% in pre-market trading Wednesday as investors reacted positively to the online gaming platform company's better-than-expected fourth-quarter bookings.

-Prior to the start of trading, Roblox (RBLX) said that bookings for the quarter that ended December 31 totaled $899.4M, an increase of 17% from the year-ago quarter. The company's bookings also surpassed analysts' consensus forecasts of $881.4M.

-Along with its fourth-quarter results, Roblox (RBLX) said the for January, it estimates bookings will end up between $267M and $271M, which would be an increase of 19% to 21% from a year ago, and revenue will be in a range of $213M to $216M. The company added that it had 65M DAUs in January, a 19% increase from January 2022.

Original article posted on Jan. 18

  • Roblox Corporation reported strong December monthly metrics, with bookings growing at up to 20% in the strong holiday month.
  • The global gaming company has now forecast Q4 2022 bookings hitting a record of $892 million.
  • Roblox Corporation stock is now fairly priced after a strong rally, pushing the forward P/S multiple to 7x.
As discussed in my previous research, Roblox Corporation (NYSE:RBLX) is best bought on weakness and not bought after surges. The global gaming platform just reported a strong snapback in December monthly metrics, highlighting

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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