Where Will Roblox Stock Be in 1 Year?
Roblox's (NYSE: RBLX) stock price surged 26% on Feb. 15 after the gaming platform company posted its fourth-quarter report. Its quarterly revenue only rose 2% year over year to $579 million, but its bookings -- which more accurately reflect its growth by only counting its virtual currency sales -- rose 17% year over year to $899 million and surpassed analysts' expectations by $15 million.
Roblox's net loss more than doubled year over year from $143 million to $290 million, or $0.48 per share, but still cleared the consensus forecast by six cents. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 9% to $183 million. Those numbers weren't perfect, but Roblox's stock has already declined nearly 40% over the past 12 months.
Will its post-earnings pop pave the way toward a stronger recovery through the end of 2023?
Source Fool.com
