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Tag: RBLX

  • Q4 & FY2021 Financial Results: Roblox Corp. (RBLX) Plunges After Hours on Missed Earnings

    On February 15, Roblox Corp. (RBLX) declared its financial results for the fourth quarter and full-year 2021. Consequently, the stock took a hit and plunged down in the after-hours on Tuesday.

    During the regular trading session, the stock varied between a high of $73.71 and a low of $66.34. RBLX closed the session in the green on positive expectations for the earnings. At the close of the market, RBLX had a value of $73.30 with a gain of 7.29%. The day’s volume remained above average at 50.88 million shares. Following the results, the stock plunged down to $62.10 at an after-hours volume of 9.71 million shares. Hence, RBLX declined by a huge 15.28% in the after-hours on Tuesday.

    The online gaming services provider, Roblox Corp. has a market capitalization of $39.55 billion. Currently, the company has 527.5 million shares outstanding in the market.

    RBLX’s 2021 Results

    For Q4 2021, the company’s revenue was $568.8 million, while it was $1.9 billion for the full year 2021. This shows an increase of 83% and 108% YOY, respectively.

    Moreover, RBLX had a free cash flow of $77.3 million in Q4 and $558.0 million in fiscal 2021.

    Furthermore, the company incurred a net loss of $143.3 million in Q4 2021, with $0.25 on a diluted share basis.

    Additionally, DAUs increased by 33% and 40% YOY in Q4 and fiscal 2021, respectively, while the Hours Engaged were up by 28% and 26%.

    January 2022

    The company also provided key metric estimates for January 2022. For January 2022, the estimated revenue is $203 – $206 million with a 64% – 66% YOY increase. The DAUs increased 32% YOY to 54.7 million and Hours Engaged 26% YOY to 4.2 billion.

    RBLX Company News

    On February 10, Alo Yoga and RBLX announced the opening of “Alo Sanctuary” which is a virtual immersive wellness space for yoga and meditation. Further, for every user who fulfills quests through Roblox on the sanctuary, Alo will donate to mental health initiatives. Alo will be donating through its nonprofit foundation Alo Gives.

    Just a day before this, on February 9, the company also announced the launch of NFL Tycoon on Metaverse with The National Football League. This makes NFL the first official major sports league to offer a persistent experience on RBLX.

    Conclusion

    While the company’s earnings report showed some good improvements and beat revenue, it missed the earnings expectations. Thus, the missed earnings resulted in the stock’s downfall in the after-hours on Tuesday.

  • 3 Best Tech Stocks to Watch in 2021 – (Twilio, ServiceNow, Roblox)

    3 Best Tech Stocks to Watch in 2021 – (Twilio, ServiceNow, Roblox)

    Technology is one of the most-fast paced industry of the 21st century. Be it the education sector or health, finance industry or transportation, technology is embedded in each one of these segments. Without the technology industry, other sectors cannot function in this day and age. Perhaps this is the reason why investors are most keen to purchase their stocks, and closely observe this market. As the global pandemic hit the world in 2020, almost all businesses suffered huge losses. However, the technology industry did not decline as much, but rather it flourished.

    Now with the beginning of 2021 investors are looking forward to putting in their money in technology stocks once again. This article will aim to provide some news and developments about three tech stocks for investors to monitor them from a close lens.

    Twilio

    Twilio (NASDAQ: TWLO) is an American company based in San Francisco, California. The company is basically a cloud communications platform for software developers. It allows them to receive and send text messages, make and receive phone calls, and other communication functions programmatically. In 2020, TWLO’s stock per share price enhanced by more than 300 percent, even in the wake of a pandemic. This manifold increase in the share price was because of the rapid digitization that took place all around the world. As more and more organizations ae replacing their old modes of communication, the target market of TWLO is expected to expand. In addition, TWLO has partnered with big consulting firms like Zendesk. Partnerships with big enterprises, along with TWLO’s innovative solutions would surely give a boost to TWLO stock. Therefore, investors should gauge the performance of TWLO carefully and purchase its stock at the right time.

    ServiceNow

    ServiceNow (NASDAQ: NOW) is a tech firm that provides cloud-based services to IT companies. These services allow the customers to automate its operations. NOW services comprise of a variety of applications that not only automate workflow but also integrate similar business procedures. Ever since NOW Stock went public, its shares have more value. In March, NOW announced that it is planning on acquiring a robotic process automation firm. This will allow NOW to compete in the ever-growing tech industry against its competitors. NOW has been consistently growing for some time now and can be an interesting option for investors.

    Roblox

    Roblox (NASDAQ: RBLX) is a creation of Roblox Corporation. It is an online gaming platform which allows gamers to play games that are created by other gamers. RBLX is compatible with Microsoft Windows, Classic Mac OS, Xbox One, Fire OS, Android, max OS, and iOS. The most recent development that took place at RBLX is its partnership with Hasbro (HAS) which gave RBLX Stock an increase by 9.4%. RBLX is one of the leading gaming platforms that focus on children. When RBLX stock became public, its share price had a significant increase. Now, with the latest partnership with Hasbro, RBLX stock can be expected to have more worth. However, the company is still unprofitable. This means that investors need to be more diligent before purchasing RBLX stock.