In today's video I look at Roblox's (RBLX 1.80%) most recent earnings and share some bullish and bearish views on its earnings report. Here are some highlights from the video.
- Roblox reported its second-quarter 2021 earnings after the market closed on Aug. 16. The company reported 35% year-over-year (YoY) bookings growth driven by roughly 29% YoY daily active users growth.
- On the day of earnings, Roblox announced the acquisition of Guilded, a privately held company that owns a communication platform used by the gaming community. Guilded will continue to operate as an independent group, but it should be interesting to see how Roblox will use its brand new asset.
- Roblox continues to push to become a metaverse leader. On Aug. 10, it held an exclusive launch party with KSI, a well-known YouTuber. The event provided Roblox users with a unique experience and the ability to purchase exclusive virtual merchandise, including limited edition items.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closing prices of Aug. 16, 2021. The video was published on Aug. 16, 2021.