5 Earnings Reports Drawing Attention

In this article, we discuss the 5 earnings reports drawing attention. If you want to read our detailed analysis of these companies, go directly to the 10 Earnings Reports Drawing Attention.  

5. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 50

Shares of Roblox Corporation (NYSE:RBLX) recently plummeted to an all-time low after the California-based gaming company announced disappointing financial results for the fourth quarter.

Roblox Corporation (NYSE:RBLX) reported a loss of 25 cents per share, wider than the consensus forecast for a loss of 13 cents per share. Revenue for the quarter climbed 83 percent on a year-over-year basis to $568.8 million but fell short of analysts’ average estimate of $772 million.

Among other updates, Roblox Corporation (NYSE:RBLX) reported that booking jumped 20 percent versus last year to $770.1 million in the quarter, while average daily active users climbed 33 percent to 49.5 million.

Speaking on the results, CEO of Roblox Corporation (NYSE:RBLX), David Baszucki, said:

“With nearly 55 million daily active users, Roblox is increasingly an integral part of people’s lives. As we look ahead to 2022, we will continue to develop our technology to enable deeper forms of communication, immersion and expression on our platform.”