My investing muse - Roblox fell 15% after earnings report (16Feb2022)
$Roblox Corporation(RBLX)$ closed at $73.30 at 4pm (EST) but fell 15% during after-hours after the earnings disappoint. Roblox creates a game platform where players can create their own worlds, allowing interaction, play in the metaverse. Roblox sells virtual currency to players to purchase digital items in the game. Roblox has deals with several big brands like Nike and NFL. From the latest earnings, EPS came at a loss of 0.25 whereas the forecast is 0.1369. For the revenue, the forecast was $763.29M but the actual was $568.77M, a significant miss for both EPS and revenue . The following highlights are extracted from their website: Fourth Quarter 2021 Financial Highlights Revenue increased 83% over Q4 2020 to $568.8 million Net cash provided by operating activities of $122.2 million; Free cash flow was $77.3 million Bookings increased 20% over Q4 2020 to $770.1 million Average Daily Active Users (DAUs) were 49.5 million, an increase of 33% year over year H...