In today's video, I look at fundamentals, valuation metrics, and recent news for Roblox (NYSE:RBLX). Roblox has seen a lawsuit in the past month, announced that Netflix (NASDAQ:NFLX)has created an experience using its platform, and reported its critical metrics for May. Below I share a few highlights of the video.
- Roblox reported that daily active users saw 28% year-over-year growth for May 2021 but did experience a slowdown of 1% compared to April 2021. This slowdown in monthly users triggered a bit of a sell-off, which I believe will be forgotten once investors hear the guidance for the summer months.
- Netflix has recently released a Stranger Things experience within the Roblox metaverse. I would not be surprised if more media production houses start creating experiences on Roblox in the upcoming quarters.
- I look at valuation metrics and share what I believe is one of the most significant risks.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of June 23, 2021. The video was published on June 23, 2021.