Roblox set to report earnings ahead of Wednesday opening
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Roblox set to report earnings ahead of Wednesday opening
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Roblox set to report earnings ahead of Wednesday opening
Yahoo Finance Live's Rachelle Akuffo looks at Roblox shares ahead of its earnings report due out tomorrow morning.
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Roblox set to report earnings ahead of Wednesday opening
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Roblox set to report earnings ahead of Wednesday opening
Yahoo Finance Live's Rachelle Akuffo looks at Roblox shares ahead of its earnings report due out tomorrow morning.
Video Transcript
RACHELLE AKUFFO: Roblox. The gaming and Metaverse giant reports third quarter earnings ahead of the open tomorrow. And it's expected to report a loss of $0.36 per share on revenue of $684.5 million. Now, analysts expect the company to report it's bringing in new users, but average spending is decreasing. And the broader backdrop of declining ad spending could be a headwind for Roblox. Now, the stock has been tanking this year, off roughly 60%. And analysts have been skeptical on the stock amid weakness in gaming, and of course, the Metaverse. A long play, indeed.
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