Roblox: Major Ads Catalyst
Update - May 9 Roblox is trading down some 30% pre-market on the mobile gaming platform lowering bookings for 2024. The stock will be down to only 4x bookings estimates making Roblox a true bargain at the open below $30. - -The company also lowered its full-year bookings forecast, as it now sees the closely watched metric coming in between $4B and $4.1B fro 15% growth, down from a prior outlook of $4.14B to $4.28B. Q1'24 Performance Metrics: Daily Active Users (DAUs): 77.7M; UP +17% YoY Hours Engaged: 16.7B; UP +15% YoY Net Cash Provided by Operating Activities: $238.9M; UP +37% YoY Free Cash Flow: $191.1M; UP +133% YoY Average Bookings per DAU: $11.89; UP +2% YoY Original article posted on Apr. 16 Roblox Corporation is partnering with PubMatic to launch immersive video ads on its platform, targeting major brands and driving revenue growth. The U.S. video game-advertising business is expected to exceed $10 billion in 2025, presenting a significant revenue opportuni...