Roblox Earnings Preview: The 1 Number Investors Must Know
Roblox (NYSE: RBLX), a gaming platform geared toward pre-teens, made its initial public offering (IPO) roughly two months ago. It will be reporting its quarterly financial statements for the first time as a public company on Monday, May 10. The company's IPO happened to come at an opportune time on the tail end of a year of robust growth for Roblox as kids were home from school and looking for something to occupy their time. That trend is reversing.
Schools in the U.S. have for several months now been returning more of their students to on-premise learning. That potentially presents a headwind for Roblox because it relies on engagement from its millions of pre-teen players to generate revenue. That's why hours engaged will be the one metric you will want to make note of when Roblox reports earnings.
Image source: Roblox.
Source Fool.com
