In this video, I will be talking about Roblox (RBLX 2.43%). I'm going to go over its Q1 earnings report as well as the May report, which was a bit disappointing, and some analyst notes.
- There are more people on the platform today than last year, which is a positive sign since most of the pandemic restrictions have been lifted. But growth is slowing down and bookings have decreased year over year significantly.
- There are now more users over the age of 13 than under.
- The company is growing into new markets that are less monetized and use foreign currency, which is why bookings decreased.
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*Stock prices used were the closing prices of July 1, 2022. The video was published on July 5, 2022.