Roblox (RBLX) Stock Under Pressure: To Stop Posting Monthly Metrics

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English - April 18, 2023 14:59 - 5 minutes - 61.2 MB - ★★★★★ - 23 ratings
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Roblox (RBLX) shares are under pressure following its latest monthly metrics. Martin Yang discusses this as RBLX reported a drop in average bookings per daily active user. RBLX reported 66.2M daily active users last month and hours engaged was up to 26% to 4.8B. RBLX's estimated bookings were between $247M and $255M. Martin talks about how RBLX says it will no longer released monthly metrics. He then compares RBLX to other video game stocks which include Activision Blizzard (ATVI), Electronic Arts (EA), Microsoft (MSFT), and Take-Two Interactive (TTWO). Finally, he goes over what's next for RBLX. Tune in to find out more about the stock market today.