Why Roblox Shares Are Popping More Than 14% Today?

  • Roblox Corp RBLX released specific critical metrics for September 2022.
  • Roblox's Daily active users (DAUs) grew 23% year-on-year to 57.8 million.
  • User hours engaged were 4.0 billion, up 16% year-over-year.
  • Roblox's estimated bookings were $212 million - $219 million, up 11% - 15% Y/Y.
  • Estimated average bookings per daily active user (ABPDAU) were $3.67 - $3.79, down 7% - 10% Y/Y.
  • Roblox's estimated revenue was $171 million - $180 million, implying a change of (-2)% - (+3)% Y/Y.
  • On October 11, Barclays analyst Mario Lu initiated coverage of video game developer hailing Roblox "as the only true metaverse today despite looming threats from Meta's Horizon Worlds and Manticore Games' Core."
  • "While RBLX does have a large advertising opportunity ahead starting in 2023 with immersive ads, we view the stock as overvalued," trading at a valuation that is "more than two turns above the revenue multiples of its social media peers," Lu added.
  • Price Action: RBLX shares traded higher by 15.30% at $41 in the premarket on the last check Monday.
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