• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Roblox shares opened 15% up on Tuesday: here’s the catalyst

January 18, 2023
in Trading
Reading Time: 2 mins read
A A
0
Roblox shares opened 15% up on Tuesday: here’s the catalyst
0
SHARES
4
VIEWS
ShareShareShareShareShare

Shares of Roblox Corp (NYSE: RBLX) opened nearly 15% up on Tuesday after the video game developer reported encouraging metrics for the month of December.

Roblox shares up on an increase in DAUs

In a press release this morning, Roblox said it ended last month with 61.5 million daily active users (DAUs) – an 18% increase year-on-year and up 8.5% versus November (read more).


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Hours engaged also went up 21% in December to 4.7 billion, helping estimated bookings push up 17% to 20% ($430 million to $439 million). “ABPDAU” – or the average booking per daily active user, however, remained roughly unchanged versus last year.

The California-based company also confirmed that it will stop reporting monthly metrics after March 2023. Roblox shares have gained about 40% since the start of the new year.

Roblox Corp to report Q4 results next month

On the downside, though, Roblox Corp said its revenue was still down up to 6.0% in December, related partly to the currency headwinds.

Strengthening of the U.S. dollar has had an adverse impact on revenue. On constant currency, we estimate our YoY December revenue decline would have been 5.0% [at the top end of the range].

Roblox is scheduled to report its Q4 results next month. Consensus is for it to lose 51 cents a share – more than double the 25 cents it lost in the same quarter last year.

Nonetheless, Deutsche Bank analyst Benjamin Black continues to recommend buying Roblox shares and sees upside in them to $45. That represents another 20% increase in its stock price from here.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Interview with Celo, the carbon-negative cryptocurrency focused on smartphones

Next Post

Stocks Churn With Earnings in Focus; Bonds Bid: Markets Wrap

Related Posts

Google to launch its ChatGPT rival in the coming weeks
Trading

Google to launch its ChatGPT rival in the coming weeks

February 7, 2023
3
Wells Fargo sees a 50% upside
Trading

Wells Fargo sees a 50% upside

February 7, 2023
5
Market bear reveals his top pick for 2023
Trading

Market bear reveals his top pick for 2023

February 7, 2023
4
Dell announces layoffs to ‘be ready when the market rebounds’
Trading

Dell announces layoffs to ‘be ready when the market rebounds’

February 7, 2023
3
Best cryptos to buy now for February 2023
Trading

Wondering what crypto to buy now? 6 Play-To-Earn tokens to invest in early 2023

February 6, 2023
2
Next Post
Stocks Churn With Earnings in Focus; Bonds Bid: Markets Wrap

Stocks Churn With Earnings in Focus; Bonds Bid: Markets Wrap

Recommended

Wells Fargo had its profit cut in half: ‘I’m still bullish’

Wells Fargo had its profit cut in half: ‘I’m still bullish’

January 14, 2023
5
Crypto vs. Inflation: Top 3 Price Prediction Solana (SOL), Polkadot (DOT) and Metacade (MCADE)

Crypto vs. Inflation: Top 3 Price Prediction Solana (SOL), Polkadot (DOT) and Metacade (MCADE)

January 13, 2023
6
GEODIS becomes Shipping Agent for French Shipping Company Zéphyr & Borée

GEODIS becomes Shipping Agent for French Shipping Company Zéphyr & Borée

January 20, 2023
5
Serum price: what next for SRM?

Serum price: what next for SRM?

January 17, 2023
6
Lekki Port Officially Opened by Nigerian President

Lekki Port Officially Opened by Nigerian President

January 25, 2023
3
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Google to launch its ChatGPT rival in the coming weeks
  • Binance reportedly pausing USD deposits and withdrawals
  • These Crypto Companies to Send Aid Packages to Earthquake-Hit Turkey

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?