Roblox (NYSE:RBLX) First Quarter 2024 Results

Key Financial Results

• Revenue: US$801.3m (up 22% from 1Q 2023).
• Net loss: US$270.6m (flat on 1Q 2023).
• US$0.43 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Roblox EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 19% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Roblox that we have uncovered.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.