In this video, I will be talking about three metaverse stocks that might interest long-term investors: Unity Software (U 2.04%), Roblox (RBLX -3.66%), and Meta Platforms (META -0.52%) You can find the video below, but here are some highlights:
- Unity announced a new partnership with live music experience creator Insomniac to bring an interactive and immersive experience to fans.
- Unity said it expects to grow revenue in the first quarter by 35% at the midpoint to $317.5 million. And for the full year, the company guided for 35% growth at the midpoint as well.
- The company's CEO said during Morgan Stanley's Tech, Media, & Telecom conference that Unity could raise its price and lose only a single-digit percentage of its customer base. That's what I call pricing power.
- Roblox announced its February metrics, with daily active users up 28% year over year to 55.1 million and hours engaged up 21% year over year to 3.8 billion. Revenue is estimated to be up 61% at the midpoint, but bookings remain an issue.
- Meta Platforms had four of its apps in the top 10 most downloaded apps in February. TikTok topped the list with Instagram, Facebook, and WhatsApp following.
- Meta Platforms' CFO mentioned that Reels are very monetizable and similar to its successful Stories. So the company expects this headwind to become a tailwind in 2022, as it will start putting more ads into Reels.
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*Stock prices used were the closing prices of March 14, 2022. The video was published on March 15, 2022.
