Roblox - online entertainment platform developer, released mix | 🚀 Robin Rocket

Roblox - online entertainment platform developer, released mixed second-quarter financial results on August 16. The company reported a quarterly loss of $0.25 per share, as well as revenues of $451.1 mln. Both figures were higher than last year's values, but below forecast.

On the plus side, the company reported that the number of bookings in the second quarter was $665.5 million, up 35% from the same period last year. In addition, the company's customer base grew by 29%, and the number of hours spent by users in Roblox apps increased by 13%.

Roblox $RBLX - develops and operates an online entertainment platform. The company offers Roblox Client, a 3D online game that allows you to explore digital worlds created by the company itself or by third-party developers in Roblox Studio.
Target price from Goldman Sachs - $101, upside potential +18%. Long-term investment aimed at future growth.

Fundamental indicators:
• Market cap = $45.21 billion
• P/S = 40.73x
• P/S sector = 4.26x

Not an investment recommendation.