![]() ![]() ![]() The company has reported negative free cash flow in each of the last two quarters after reporting robust cash generation during the pandemic. Wall Street seemed more concerned about Roblox's worsening profitability. Management credited the return to growth to "high-quality experiences" that are appealing to a broad audience worldwide. So whatīookings, a non-GAAP measure of revenue, grew 10% year over year, driven by a 24% increase in average daily active users. With the stock down 68% year to date, Roblox could be a tempting buy following the earnings report. However, management offered a positive outlook for 2023. Growth has slowed over the last year, which has put more focus on the company's profitability. While bookings came in above estimates, the company reported a loss per share of $0.50 - lower than estimates calling for a loss of $0.30 per share. ET on Wednesday after the company reported a larger loss than expected for the third quarter. Shares of Roblox (NYSE: RBLX) were down 16% as of 1:08 p.m. ![]()
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