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Bulbman
2021-11-24
Nice read
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Bulbman
2021-11-24
Good read
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2021-11-22
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2021-11-22
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2021-11-22
Ok
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2021-11-22
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highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/872430018","repostId":"1197280018","repostType":4,"repost":{"id":"1197280018","kind":"news","pubTimestamp":1637553722,"share":"https://www.laohu8.com/m/news/1197280018?lang=&edition=full","pubTime":"2021-11-22 12:02","market":"us","language":"en","title":"Stock Options Are the New Day-Trading Craze. What It Means for the Market.","url":"https://stock-news.laohu8.com/highlight/detail?id=1197280018","media":"Barrons","summary":"Hot stocks like Tesla and Apple have become even hotter as stock option speculators sweep back into ","content":"<p>Hot stocks like Tesla and Apple have become even hotter as stock option speculators sweep back into the market. Many are retail investors holding their positions for less than a day. This new day-trading frenzy in options is helping lift individual stocks and bolstering the revenue of online brokers like Robinhood.</p>\n<p>“Small retail traders are back buying lottery tickets on the rally again,” says Jason Goepfert, the founder of Sundial Capital Research, whose SentimenTrader newsletter tracks measures of speculative trading.</p>\n<p>Earlier this month, total equity options volume reached 56.5 million contracts—the second-highest total ever, behind the 59.2 million contracts traded on Jan. 27 at the height of the meme-stock craze involving GameStop (ticker: GME),AMC Entertainment Holdings (AMC), and others. “We’re back challenging those speculative peaks,” Goepfert says.</p>\n<p>Retail traders tend to prefer lower-priced options. That is apparent in a preference for cheaper—and more speculative—options with short maturities. About 40% of options trading volume on individual stocks is in contracts expiring within a week and 54% within two weeks, according to the Susquehanna Financial Group. In stocks like Tesla (TSLA) and Apple (AAPL), as much as 65% of trading volume is in options expiring within a week.</p>\n<p>“Options have become more important in the mix of retail trading than ever before,” says Richard Repetto, an equity analyst at Piper Sandler.</p>\n<p>Calls give holders the right to buy a stock at a fixed price for a period, and amount to a bullish bet. Puts, which allow investors to sell a stock at a fixed price, are bearish bets. Each contract covers 100 shares of stock.</p>\n<p>Equity call volume topped 37 million contracts on Nov. 5, just shy of the record 39 million contracts on Jan. 27, after averaging 20 million to 25 million contracts daily from March through September. Reflecting the bull market, call volume on individual stocks is regularly running at double the rate of put volume. Of late, the most popular individual stocks for call options have been Tesla, Apple,Ford Motor (F),Advanced Micro Devices (AMD), and Nvidia (NVDA).</p>\n<p>Given its recent volatility and prominence, Tesla has been a favorite of options investors. One sign of the heavy day trading in Tesla options is that high volume in the company’s call options generally translates into little change in open interest, or the number of outstanding contracts.</p>\n<p>Day trading in options on volatile stocks can be enticing, but those options are pricey. And the value of short-dated options in particular can erode very quickly, absent a significant move in the stock.</p>\n<p>It can also be tough for day traders to capture big moves in individual stocks—and the overall market—during the trading session.</p>\n<p>Big changes in many stocks often happen on the opening trade, as investors incorporate news occurring since the prior session, such as earnings reports. Tesla was recently up 45% year to date, and 42 percentage points of that cumulative move came overnight against three points during the day, Susquehanna data show.</p>\n<p>Historically, nearly all of the net change in the S&P 500 index has occurred with the opening trade. Since 1993, the index is up 745% overnight, based on the opening trade, and down about 9% during the trading day. So far this year, the returns have been more balanced, with the index up 13.7% overnight and 9.9% cumulatively during the day, Susquehanna says.</p>\n<p><b>Top Calls</b></p>\n<p>Here are the stocks with the highest average trading volume in calls, or options to buy a stock at a fixed price for a period of time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0680852589609168942ef61bd54c9405\" tg-width=\"1146\" tg-height=\"490\" referrerpolicy=\"no-referrer\"><span>Note: Call volume for the 20 trading days through Nov. 15. Sources: Bloomberg; Susquehanna Financial Group</span></p>\n<p>Options trading has an impact on the overall market, but in ways that may be more psychological and nuanced.</p>\n<p>“People used to be more afraid of a stock crashing, not doubling.”</p>\n<p>“The actual option volume on a daily basis and how much that impacts the stock—I think that is potentially overstated,” says Chris Murphy, co-head of derivative strategy at Susquehanna. “The flip side is there is a psychological and signaling effect that may be understated. When call option volume surges and gets talked about on CNBC and in articles in <i>Barron’s</i> and The Wall Street Journal, and starts trending on Twitter, if you’re a momentum-based trader, whether you’re institutional, retail, or quantitative, you’re going to look at it, and you’re more likely to buy the stock.”</p>\n<p>The big moves in stocks like GameStop, Tesla, and recently Avis Budget Group (CAR) are resulting in options pricing that is different than in the past. So-called out-of-the-money calls on some individual stocks, which require a big move for an option payoff if held to expiration, are pricier than out-of-the-money puts, a reverse of the historical pattern. One example:Marathon Digital Holdings (MARA).</p>\n<p>“People used to be more afraid of a stock crashing, not doubling, but we’ve seen more stocks double or triple than get cut in half, and that has shifted the way options are priced,” says Henry Schwartz, senior director, head of product intelligence at Cboe Global Markets.</p>\n<p>Oppenheimer chief options strategist Michael Schwartz, now 79, has been in the business for 56 years—since before there were listed options.</p>\n<p>“Options are a tool to reduce risk, not increase it, but that’s not what’s happening,” he says.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Options Are the New Day-Trading Craze. What It Means for the Market.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Options Are the New Day-Trading Craze. What It Means for the Market.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 12:02 GMT+8 <a href=https://www.barrons.com/articles/stock-options-day-trading-market-51637349456?mod=hp_DAY_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hot stocks like Tesla and Apple have become even hotter as stock option speculators sweep back into the market. Many are retail investors holding their positions for less than a day. This new day-...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-options-day-trading-market-51637349456?mod=hp_DAY_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","AAPL":"苹果","MSFT":"微软","AMZN":"亚马逊",".DJI":"道琼斯","F":"福特汽车","NVDA":"英伟达","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","PFE":"辉瑞","AMC":"AMC院线",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-options-day-trading-market-51637349456?mod=hp_DAY_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197280018","content_text":"Hot stocks like Tesla and Apple have become even hotter as stock option speculators sweep back into the market. Many are retail investors holding their positions for less than a day. This new day-trading frenzy in options is helping lift individual stocks and bolstering the revenue of online brokers like Robinhood.\n“Small retail traders are back buying lottery tickets on the rally again,” says Jason Goepfert, the founder of Sundial Capital Research, whose SentimenTrader newsletter tracks measures of speculative trading.\nEarlier this month, total equity options volume reached 56.5 million contracts—the second-highest total ever, behind the 59.2 million contracts traded on Jan. 27 at the height of the meme-stock craze involving GameStop (ticker: GME),AMC Entertainment Holdings (AMC), and others. “We’re back challenging those speculative peaks,” Goepfert says.\nRetail traders tend to prefer lower-priced options. That is apparent in a preference for cheaper—and more speculative—options with short maturities. About 40% of options trading volume on individual stocks is in contracts expiring within a week and 54% within two weeks, according to the Susquehanna Financial Group. In stocks like Tesla (TSLA) and Apple (AAPL), as much as 65% of trading volume is in options expiring within a week.\n“Options have become more important in the mix of retail trading than ever before,” says Richard Repetto, an equity analyst at Piper Sandler.\nCalls give holders the right to buy a stock at a fixed price for a period, and amount to a bullish bet. Puts, which allow investors to sell a stock at a fixed price, are bearish bets. Each contract covers 100 shares of stock.\nEquity call volume topped 37 million contracts on Nov. 5, just shy of the record 39 million contracts on Jan. 27, after averaging 20 million to 25 million contracts daily from March through September. Reflecting the bull market, call volume on individual stocks is regularly running at double the rate of put volume. Of late, the most popular individual stocks for call options have been Tesla, Apple,Ford Motor (F),Advanced Micro Devices (AMD), and Nvidia (NVDA).\nGiven its recent volatility and prominence, Tesla has been a favorite of options investors. One sign of the heavy day trading in Tesla options is that high volume in the company’s call options generally translates into little change in open interest, or the number of outstanding contracts.\nDay trading in options on volatile stocks can be enticing, but those options are pricey. And the value of short-dated options in particular can erode very quickly, absent a significant move in the stock.\nIt can also be tough for day traders to capture big moves in individual stocks—and the overall market—during the trading session.\nBig changes in many stocks often happen on the opening trade, as investors incorporate news occurring since the prior session, such as earnings reports. Tesla was recently up 45% year to date, and 42 percentage points of that cumulative move came overnight against three points during the day, Susquehanna data show.\nHistorically, nearly all of the net change in the S&P 500 index has occurred with the opening trade. Since 1993, the index is up 745% overnight, based on the opening trade, and down about 9% during the trading day. So far this year, the returns have been more balanced, with the index up 13.7% overnight and 9.9% cumulatively during the day, Susquehanna says.\nTop Calls\nHere are the stocks with the highest average trading volume in calls, or options to buy a stock at a fixed price for a period of time.\nNote: Call volume for the 20 trading days through Nov. 15. Sources: Bloomberg; Susquehanna Financial Group\nOptions trading has an impact on the overall market, but in ways that may be more psychological and nuanced.\n“People used to be more afraid of a stock crashing, not doubling.”\n“The actual option volume on a daily basis and how much that impacts the stock—I think that is potentially overstated,” says Chris Murphy, co-head of derivative strategy at Susquehanna. “The flip side is there is a psychological and signaling effect that may be understated. When call option volume surges and gets talked about on CNBC and in articles in Barron’s and The Wall Street Journal, and starts trending on Twitter, if you’re a momentum-based trader, whether you’re institutional, retail, or quantitative, you’re going to look at it, and you’re more likely to buy the stock.”\nThe big moves in stocks like GameStop, Tesla, and recently Avis Budget Group (CAR) are resulting in options pricing that is different than in the past. So-called out-of-the-money calls on some individual stocks, which require a big move for an option payoff if held to expiration, are pricier than out-of-the-money puts, a reverse of the historical pattern. One example:Marathon Digital Holdings (MARA).\n“People used to be more afraid of a stock crashing, not doubling, but we’ve seen more stocks double or triple than get cut in half, and that has shifted the way options are priced,” says Henry Schwartz, senior director, head of product intelligence at Cboe Global Markets.\nOppenheimer chief options strategist Michael Schwartz, now 79, has been in the business for 56 years—since before there were listed options.\n“Options are a tool to reduce risk, not increase it, but that’s not what’s happening,” he says.","news_type":1},"isVote":1,"tweetType":1,"viewCount":906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872430589,"gmtCreate":1637557074776,"gmtModify":1637558806248,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872430589","repostId":"1161353187","repostType":4,"isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872430201,"gmtCreate":1637557067402,"gmtModify":1637558806162,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872430201","repostId":"1161353187","repostType":4,"isVote":1,"tweetType":1,"viewCount":688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872430982,"gmtCreate":1637557032124,"gmtModify":1637558806103,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872430982","repostId":"1165702862","repostType":4,"repost":{"id":"1165702862","kind":"news","pubTimestamp":1637553333,"share":"https://www.laohu8.com/m/news/1165702862?lang=&edition=full","pubTime":"2021-11-22 11:55","market":"us","language":"en","title":"Roblox: Buying A Piece Of The Metaverse","url":"https://stock-news.laohu8.com/highlight/detail?id=1165702862","media":"Seeking Alpha","summary":"Summary\n\nThe stock of Roblox has pretty much stagnated since its IPO in March due to worries that th","content":"<p><b>Summary</b></p>\n<ul>\n <li>The stock of Roblox has pretty much stagnated since its IPO in March due to worries that the reopening of schools would cause engagement to fall on the platform.</li>\n <li>Roblox Q3 earnings release busted the thesis that COVID recovery would decrease engagement and slow growth, as all metrics pointed to a very healthy platform.</li>\n <li>In Q3, Roblox attracted an average of 47.3 million daily active users, which was 31% higher than in Q3 of 2020 and was 2.6x larger than in Q3 of 2019.</li>\n <li>The strategic roadmap for growth includes expanding international reach, broadening age demographics, expanding platform experiences, and improving monetization.</li>\n <li>While the valuation is high with the stock selling at 40 times sales, aggressive investors can buy right now, while more cautious investors might want to wait for a pullback.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16fbce543fba6edff1ea388d07c70482\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Leon Neal/Getty Images News</span></p>\n<p>Roblox(NYSE:RBLX)came public on March 10 of this year at an initial IPO price of $64.25, while ending the day up $5 at 69.50. The stock traded as high as $103.87 intraday in early June because of investor excitement over the possibility that Roblox could evolve into one of the first Metaverse companies.</p>\n<p>However, on June 15, Roblox released its May 2021 Key Metrics and the stock dropped 8% because of the perception that growth was slowing. The stock essentially stagnated by bouncing around between $70 and $90 until November 9th when the stock shot up 42% after reporting very strong Q3 earnings. Roblox was further propelled upwards by excitement over the company's future initiatives after the Roblox Investor Day on November 16.</p>\n<p><img src=\"https://static.tigerbbs.com/2e2ba6400655fc41f35ca87f8f770a72\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"></p>\n<p>After such a massive move, that now has the stock back to trading at 40 times sales, investors might be wondering whether or not to chase the stock higher after such a huge move in a short period of time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3f8fafccbc6a069f13c4d97cc87d7ca\" tg-width=\"635\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p><b>Reasons Why Roblox is Still a Buy</b></p>\n<p>Roblox started off simply as a platform where users could play games created by other users and share their own game creations to be played by others. However, if that was all there was to Roblox, then it would not likely be trading at a PS ratio of 40.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f55c95c8bc74d8fa11a7a39c48feae2\" tg-width=\"640\" tg-height=\"454\" width=\"100%\" height=\"auto\"><span>Source: Roblox Presentation</span></p>\n<p>Roblox was designed almost from the beginning to be a human co-experience platform, which is now being more commonly called the Metaverse. The company's end goal is to have all human experiences that can be imagined to be available to be experienced with friends and family on the Roblox platform.</p>\n<blockquote>\n Roblox's mission is to build a human co-experience platform that enables billions of users to come together to play, learn, communicate, explore and expand their friendships.\n</blockquote>\n<blockquote>\n Source:Roblox Corporate Overview\n</blockquote>\n<p>The concept of the Metaverse or a human co-experience platform is still a very speculative idea but if Roblox successfully gets a Metaverse platform up and running worldwide, it will stand to gain significant first mover advantages and could totally replace today's major social networks like Facebook. The upside in Roblox is potentially being larger than Facebook is today, if the company is successful. In fact, at least part of the reason that I think Facebook(NASDAQ:FB) changed its name to Meta and branded itself a Metaverse company is because I think Mark Zuckerberg sees the potential of Facebook getting disrupted by Roblox.</p>\n<p><b>What is the business model?</b></p>\n<p>Let me give a brief explanation on how the Roblox is monetized. Roblox uses a freemium model, where games are free to play but advanced features and customizations are only unlocked through paying with an in-game currency called Robux, which can be purchased either through gift cards, ala carte or through subscription.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02f69d2443db16542467c22831dfc32c\" tg-width=\"640\" tg-height=\"389\" width=\"100%\" height=\"auto\"><span>Source: Roblox Investor Day Presentation</span></p>\n<p>Growth on the Roblox platform is largely organic and largely operates through word-of-mouth. There are two viral growth network effects associated with the platform, with one loop centered around content and the other loop centered around a social network.</p>\n<p>In the content loop, developers and creators are the prime engine of growth by creating the content that powers the platform. The content attracts players which pay for the content, which allows developers to both make a living and reinvest the money they make into building better experiences. The better experiences result in even more players, higher engagement and more spend, which in turn attracts new developers and creators, while incentivizing existing creators and developers to create even more and higher quality experiences.</p>\n<p>In Roblox's social network loop, players will play games with their friends, then invite even more of their friends to play the games which drives organic growth. The value of the Roblox platform increases to an individual when more of their friends play together. More friends and better experiences drive even more players to join.</p>\n<p>This social network loop aspect of Roblox is also a huge competitive advantage for the company, as players want to play the games that they create with their friends, and it tends to make Roblox very sticky. This competitive advantage will also likely at some point turn into a powerful Network Effect Moat, if enough users join the platform.</p>\n<p><b>The Key Factor</b></p>\n<p>The key factor that drives monetization on the platform is engagement. The more engagement there is, the healthier the platform.</p>\n<blockquote>\n Engagement is our north star. We're very pleased that during the third quarter, people of all ages from across the globe chose to spend over 11 billion hours on Roblox\n</blockquote>\n<blockquote>\n Source: Roblox CEO David Baszucki - Roblox Q3 2021 Shareholder Letter\n</blockquote>\n<p>Roblox measures engagement through two metrics which are Daily Active Users (\"DAUs\") and hours engaged. In Q3, Roblox attracted an average of 47.3 million daily active users (DAUs) which was 31% higher than in Q3 of 2020 and was 2.6x larger than in Q3 of 2019. Users spent 11.2 billion hours engaged on the Roblox platform in Q3 of 2021, up 28% from Q3 in 2020 and up 3x over Q3 of 2019. From these increasing engagement numbers, Roblox is able to support its developer community, who earned over $130 million in the quarter and is on pace to earn well over $500 million this year.</p>\n<p>Roblox experienced severe headwinds in late October this year, as the company experienced a platform outage that shut everything down for three days. Prior to the outage, daily active users in October were 50.5 million, up 43% year-over-year. Hours of engagement in October were 3.2 billion, up 41% year-over-year. These numbers are an indication that Q4 numbers are likely to be strong when they get reported.</p>\n<p><b>What are the growth drivers Moving Forward?</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/282a44eac5fa5aa525e22bb65ba76c05\" tg-width=\"640\" tg-height=\"435\" width=\"100%\" height=\"auto\"><span>Source: Roblox Presentation</span></p>\n<p>The four growth drivers that the company self-identified as a priority moving forward are:</p>\n<ol>\n <li>Extend International reach</li>\n <li>Broaden age demographics</li>\n <li>Expand how people use platform with new use cases</li>\n <li>Grow how engagement is monetized on platform</li>\n</ol>\n<p><b>International Expansion</b></p>\n<p>Of the four growth drivers, Roblox considers international expansion the most advanced. Currently, the rest of the world (\"ROW\") is growing faster than the USA and Canada together, which is currently at only 25% of the traffic on the platform. International Growth, like the US, occurs primarily through strong organic word of mouth in both users and developers.</p>\n<p>Roblox has also been developing powerful machine translation infrastructure, soon to be complete, that should be a big driver for international growth. This translation infrastructure will have the capability of doing translation into all supported languages, which is currently sitting at 11 different languages. In prior years, Roblox experiences had to be manually translated by the developer.</p>\n<p><b>Broaden Age Demographics</b></p>\n<p>Up until now, Roblox has shown great success reaching the 13 and under audience. However, for Roblox to reach its goals, the platform will have to broaden its demographics into a brand that appeals to all ages. The company plans to do this in several ways:</p>\n<ul>\n <li>Enable developers to build more polished experiences that will appeal to a wider range of users. Roblox is already giving tools to its developers to begin offering deeply immersive experiences through dynamic simulation, faster loading, and more sophisticated rendering.</li>\n <li>Rapidly evolve avatar technology to be more realistic. Roblox management considers avatars important because it was discovered that they promote loyalty, engagement and an investment by the user in their virtual identity. Roblox plans on giving users a wider range of identity options, as well as giving users more options in clothing. Another area that Roblox needed improvement was facial animation. In December 2020, Roblox acquired facial tracking and animation company Loom.ai in a bid to make avatars more lifelike by doing things like giving them the ability to smile and make eye gestures.</li>\n <li>Create better User Matching through better personalized recommendations based upon age, geography, and social graphing skill level. Roblox has also been working on content ratings based upon age. Since launching personalized search and discovery, there has been increased engagement from users as well as a wider distribution of engagement across all experiences which helps expand demographics through core network effects.</li>\n</ul>\n<p>Ultimately, as the technology on the Roblox platform improves, the ability to create content for older users will improve and as more content for older ages appears, it should attract older users. Roblox is still in the very early stages of expanding the age demographics, yet is already seeing better usage in ages above 13. The 17-24 years old segment is currently growing very rapidly. Measuring by DAUs, approximately 50.4% of users are over the age of 13 this year, compared to 44.5% last year and 51.2% of engagement was from users over the age of 13, up from 40.8% two years ago.</p>\n<p><b>Expanding How People Use the Platform</b></p>\n<p>Expanding how people use platform should greatly enhance both DAUs and engagement hours. The Roblox platform is essentially a medium of shared experiences and Roblox is currently in the process of expanding the range of those shared experiences beyond simply playing games to things like education, shared music experiences (concerts), virtual shopping, to maybe even one day working in virtual environments.</p>\n<p>Roblox recently held an Investor Day, in which the company announced they were setting up a \"Roblox Education\" division that aims \"to support 100 million students learning on the Roblox platform by 2030\". Roblox plans to do this by building dynamic learning environments that educators can use to create educational content and to teach people how to code on the Roblox platform.</p>\n<p>Roblox is also creating a $10 million fund dedicated \"to bringing high-quality educational experiences to Roblox and to support educators in using Roblox Studio in their classrooms\". The company has major plans to use Roblox Studio to help teach \"computer science, design, and development courses\" to millions of children.</p>\n<p>The stock has continued rising after its initial 42% jump after earnings and that is largely due to excitement over the news of Roblox expanding outside of games. Investors are just now becoming aware of the possibilities of the platform.</p>\n<p><b>Growing The Roblox Economy</b></p>\n<p>Roblox plans on expanding the whole economic system that was built around gaming into other economic activities like \"high quality immersive brand advertising that is native and authentic\". Advertising is only the start because ultimately shopping in virtual stores could make its way on to the Roblox platform.</p>\n<p>The basic building blocks to improving economic activity on the Roblox platform identified by the company include:</p>\n<ul>\n <li>Removing friction in purchasing Robux on the platform. One example of Robux friction removal is the introduction of the Roblox premium subscription offering. Roblox premium offers two things for subscribers which are providing premium subscribers with a stipend of recurring Robux at a discounted rate and also providing premium features like a VIP pass that enables subscribers to get access to premium only features or items only available for purchase with a premium subscription. What this does for Roblox is turn the platform into more of a subscription offering, which increases the stability of Roblox bookings.</li>\n <li>Making the process of purchasing the avatar and gear associated with the avatar, much easier. Also, improving how merchandise is created and sold on the platform. Roblox has long ago made the decision to make a move to a 100% user-generated content (\"UGC\") avatar marketplace. Prior to 2020, the avatar marketplace was primarily populated by Roblox designed items. Roblox is still relatively early in this transition to UGC.</li>\n <li>Testing ways to have select brands participate in the Roblox economy and engage with users in a way that enhances the user experience, which includes working with brands to sell branded merchandise in a catalogue. There are several examples of branding. One is with Disney(NYSE:DIS)having <i>Avengers: Endgame</i> themed collectibles available to be won in a game, another is Roblox teaming up with the NFL for a Superbowl promotion.Other examples of brands working with Roblox are entertainment brands working with Roblox to help them debut new content using interactive experiences like Ready Player One, Avengers and Aquaman. Roblox has even held concerts online and worked with artists like Ava Max on launching a single that attracted 1 million users. Various brands have also become interested in establishing their own presence on Roblox and Roblox calls these Branded Worlds. The first Branded World was launched with DC comics and today it has received millions of visitors. In an announcement made just recently, Nike(NYSE:NKE)teamed up with Roblox on building a 'Nikeland' virtual space.</li>\n</ul>\n<p>Let's now look at the earnings report that sent Roblox's stock up 42% in one day.</p>\n<p><b>Roblox Q3 2021 Earnings Report</b></p>\n<p>Before getting into the revenues, I thought the following graphic from the Q3 2021 Supplemental materials would be very informative in describing how Roblox recognizes GAAP revenues:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ba131189d01319851cb518635499c00f\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Roblox Q3 2021 bookings grew 28% to $637.8 million compared to $496.5 million last year. For Roblox, booking growth is more important than revenue growth because bookings is actually recorded when people purchase Robux, but revenues are only recognized as users spend the Robux on the platform.</p>\n<p>The company has also estimated October bookings between $177 million and $179 million, up 30% to 34% year-over-year, which is an indication that Q4 could also outperform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04c23ff22edb1bffd9c81382aa468f4b\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Average bookings per daily active user (ABPDAU) was $13.49 in Q3 2021, compared to $13.73 last year. The small decline was due to a shift in the geographic mix of the user base. ABPDAU is defined as bookings in a given period divided by the DAUs for such period. The metric ABPDAU is used to understand monetization trends across active users when they buy virtual currency and subscriptions. This number is also sort of a proxy for the value of the platform to Daily Active Users.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20cec146a312fc52bb7b913c52ab34ef\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>The following graphic reconciles revenues to bookings and gives an investor a better idea of the relationship between revenues, deferred revenues and bookings.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5bc7c29257bf140ff5fb9035a7cf9d61\" tg-width=\"640\" tg-height=\"148\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Earnings Release</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/178bc75cc39aabe79f36b10cd48be30f\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Revenue in Q3 2021 was $509.3 million, an increase of 102% over Q3 2020. Cost of revenue totaled $130.0 million, up 98% year over year. Gross Profits were $379 million and Gross Margins were 74.47%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/523097349367a48fa08c1307c0d380da\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8002fc5adb76eab895b5d2c06b3d8206\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Roblox has additional Operating Expenses to the normal R&D, S&M, and G&A expenses, which are labelled by the company as Developer Exchange Fees and Infrastructure & Trust and Safety. The Developer Exchange Fee is the payout that developers can elect to receive by converting Robux back into real world cash, which Roblox reports as an expense. Infrastructure and Trust & Safety are the costs associated with running Roblox cloud and the costs of operating the platform with security, safety and trust in mind.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2df9d03933067820a908838201f50d5\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Roblox is still heavily in investment mode, so operating expenses far exceed GAAP Gross Profit, resulting in an operating loss in Q3 2021 of $77.45 million compared to an operating loss of $51.52 million from the prior year.</p>\n<p>Net loss attributable to common stockholders, which includes a portion of the net loss attributable to the Luobu subsidiary, was $74.0 million, compared to a net loss attributable to common stockholders of $48.6 million last year. Net losses increased due to the higher levels of expense required to support the growth of the business and the fact that Roblox defers a significant amount of revenue to later periods.</p>\n<p>Roblox anticipates reporting net losses in the near and medium term, while also generating positive cash from operations. This occurs because deferred revenues are not included on the income statement, since deferred revenues are not considered revenue until they are earned, while, deferred revenues are included in the statement of cash flows.</p>\n<p>Roblox Q3 GAAP EPS of -$0.13 beats estimates by $0.01.</p>\n<p>Young companies that are scaling often use a metric calledEBITDAbecause the early life stages of a company will often include a lot of financing and capital expenditures, which makes it hard to compare quarter-over-quarter and year-over-year operational profitability and efficiency.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e6ec5f480a07e1dced7f84cf0a91285\" tg-width=\"640\" tg-height=\"349\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Roblox adjusted EBITDA dropped to $135.7 million from a year-ago $161 million, which is an indication that this company is very much in investment mode to build out the Metaverse, which has been a very hot theme in the market lately.</p>\n<p><b>Balance Sheet</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8de3420f79c56ccc0ea168bd56ee1f53\" tg-width=\"640\" tg-height=\"377\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Earnings Release</span></p>\n<p>Balance sheet had $1.93 billion in cash, cash equivalents and short-term investments at the end of the quarter. There is no long-term debt on the balance sheet. The company has payables of $178.65 million.</p>\n<p>Cash from operations, which is the amount of money a company brings in from its ongoing, regular business activities was $181.2 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/012749693a07ac1706fd87d2b92e83f8\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Roblox's Free Cash Flow, which is the amount of cash generated that is free and clear of all internal or external obligations, increased 7% over Q3 2020 to $170.6 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84cda0945dd6cdcd2bd934e63c578531\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Roblox Q3 2021 Supplemental materials</span></p>\n<p>Roblox currently has a very solid balance sheet, positive cash flows, and the company has the ability to fund its growth initiatives.</p>\n<p><b>Analyst Price Targets</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f165ca6edc5354bb00f0ec49f8c4af0\" tg-width=\"480\" tg-height=\"416\" width=\"100%\" height=\"auto\"><span>Source: Yahoo Finance</span></p>\n<p>The above is based on 10 Wall Street analysts offering 12-month price targets for Roblox in the last 3 months. The average price target is $114.40 with a high forecast of $150.00 and a low forecast of $70.00. The average price target represents a 17% decrease from the last price of $134.72.</p>\n<p><img src=\"https://static.tigerbbs.com/e21a864bc21a4c71e07dd8e4b52fac31\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p>\n<p><b>Risks</b></p>\n<p><b>Short Term Risks</b>: Roblox now trades at a Price to Sales of 40, which is near the upper range of where it has traded since its IPO. This is a highly valued stock and if the company fails to execute and/or investors get nervous because of macroeconomic risks like rising interest rates, supply chain woes or potential war concerns over Taiwan, the stock could drop very rapidly.</p>\n<p>Another risk that has been a big knock on the stock of Roblox this year is that with lockdowns and school closures ending, it could affect engagement on the Roblox platform because the age demographics that currently use Roblox are mostly school age. Roblox's Q3 results has taken a lot of the wind out of the sails of that theory, as engagement is still healthy.</p>\n<p>Also, I don't think it is any accident that Roblox has announced a lot of education initiatives at its investor day. If Roblox is successful in getting educators to use Roblox in school systems around the country, then concerns that the school system will lower engagement from kids aged 7 to 18 will only go lower over time.</p>\n<p><b>Long Term Risk</b>: Roblox is a speculative stock. What investors are speculating on is that the concept of the Metaverse becomes popular and that Roblox will become one of the leading players in the Metaverse. If the Metaverse fails to reach the level of popularity that investors expect or Roblox fails to establish itself as one of the leading players in the Metaverse, then the stock will fall.</p>\n<p>Roblox will also have fierce competition in the Metaverse arena, including Meta, formerly known as Facebook and they will also have to face other large players like Nvidia's(NASDAQ:NVDA) Omniverse. Roblox currently has first mover advantages over most Metaverse players, as well as having the advantage of building the Roblox platform with trust and security in mind. This mindset is very different than Facebook, which sacrificed trust and security, in the name of growth on the Facebook platform. Roblox, on the other hand, took trust and security far more seriously very early on, probably after observing many of Facebook's mistakes in building a social network.</p>\n<p>Because of Roblox branding itself as safe and secure, any breach in that safety and security can damage the brand long term. Roblox has already had problems with its security, with some developers having found ways around restrictions around sexual content and dating, that Roblox wound up having to patch.</p>\n<p>Another concern is Roblox addiction. There is a fine line between driving more engagement and making children so addicted to the platform that they fail to develop real life social skills. Any adverse publicity on the topic of Roblox addiction where it is found that too much time in the Metaverse hurts people's mental health could hurt the company's long-term goal of raising engagement levels.</p>\n<p>Last but not least. Up until now, Roblox has been mostly for kids. Long-term, Roblox's business depends on its demographics spreading to adults. If Roblox fails in expanding its demographics, the stock will likely have far less upside than investors are currently enthusiastically pricing in.</p>\n<p><b>Conclusion</b></p>\n<p>Roblox stock is a buy for very aggressive investors willing to speculate on the upside of the Metaverse. This stock is selling at a high valuation, so less aggressive investors might want to wait for the stock to pull back.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roblox: Buying A Piece Of The Metaverse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoblox: Buying A Piece Of The Metaverse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 11:55 GMT+8 <a href=https://seekingalpha.com/article/4471068-roblox-stock-buy-aggressive-investors-speculate-upside-metaverse><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe stock of Roblox has pretty much stagnated since its IPO in March due to worries that the reopening of schools would cause engagement to fall on the platform.\nRoblox Q3 earnings release ...</p>\n\n<a href=\"https://seekingalpha.com/article/4471068-roblox-stock-buy-aggressive-investors-speculate-upside-metaverse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://seekingalpha.com/article/4471068-roblox-stock-buy-aggressive-investors-speculate-upside-metaverse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165702862","content_text":"Summary\n\nThe stock of Roblox has pretty much stagnated since its IPO in March due to worries that the reopening of schools would cause engagement to fall on the platform.\nRoblox Q3 earnings release busted the thesis that COVID recovery would decrease engagement and slow growth, as all metrics pointed to a very healthy platform.\nIn Q3, Roblox attracted an average of 47.3 million daily active users, which was 31% higher than in Q3 of 2020 and was 2.6x larger than in Q3 of 2019.\nThe strategic roadmap for growth includes expanding international reach, broadening age demographics, expanding platform experiences, and improving monetization.\nWhile the valuation is high with the stock selling at 40 times sales, aggressive investors can buy right now, while more cautious investors might want to wait for a pullback.\n\nLeon Neal/Getty Images News\nRoblox(NYSE:RBLX)came public on March 10 of this year at an initial IPO price of $64.25, while ending the day up $5 at 69.50. The stock traded as high as $103.87 intraday in early June because of investor excitement over the possibility that Roblox could evolve into one of the first Metaverse companies.\nHowever, on June 15, Roblox released its May 2021 Key Metrics and the stock dropped 8% because of the perception that growth was slowing. The stock essentially stagnated by bouncing around between $70 and $90 until November 9th when the stock shot up 42% after reporting very strong Q3 earnings. Roblox was further propelled upwards by excitement over the company's future initiatives after the Roblox Investor Day on November 16.\n\nAfter such a massive move, that now has the stock back to trading at 40 times sales, investors might be wondering whether or not to chase the stock higher after such a huge move in a short period of time.\nData by YCharts\nReasons Why Roblox is Still a Buy\nRoblox started off simply as a platform where users could play games created by other users and share their own game creations to be played by others. However, if that was all there was to Roblox, then it would not likely be trading at a PS ratio of 40.\nSource: Roblox Presentation\nRoblox was designed almost from the beginning to be a human co-experience platform, which is now being more commonly called the Metaverse. The company's end goal is to have all human experiences that can be imagined to be available to be experienced with friends and family on the Roblox platform.\n\n Roblox's mission is to build a human co-experience platform that enables billions of users to come together to play, learn, communicate, explore and expand their friendships.\n\n\n Source:Roblox Corporate Overview\n\nThe concept of the Metaverse or a human co-experience platform is still a very speculative idea but if Roblox successfully gets a Metaverse platform up and running worldwide, it will stand to gain significant first mover advantages and could totally replace today's major social networks like Facebook. The upside in Roblox is potentially being larger than Facebook is today, if the company is successful. In fact, at least part of the reason that I think Facebook(NASDAQ:FB) changed its name to Meta and branded itself a Metaverse company is because I think Mark Zuckerberg sees the potential of Facebook getting disrupted by Roblox.\nWhat is the business model?\nLet me give a brief explanation on how the Roblox is monetized. Roblox uses a freemium model, where games are free to play but advanced features and customizations are only unlocked through paying with an in-game currency called Robux, which can be purchased either through gift cards, ala carte or through subscription.\nSource: Roblox Investor Day Presentation\nGrowth on the Roblox platform is largely organic and largely operates through word-of-mouth. There are two viral growth network effects associated with the platform, with one loop centered around content and the other loop centered around a social network.\nIn the content loop, developers and creators are the prime engine of growth by creating the content that powers the platform. The content attracts players which pay for the content, which allows developers to both make a living and reinvest the money they make into building better experiences. The better experiences result in even more players, higher engagement and more spend, which in turn attracts new developers and creators, while incentivizing existing creators and developers to create even more and higher quality experiences.\nIn Roblox's social network loop, players will play games with their friends, then invite even more of their friends to play the games which drives organic growth. The value of the Roblox platform increases to an individual when more of their friends play together. More friends and better experiences drive even more players to join.\nThis social network loop aspect of Roblox is also a huge competitive advantage for the company, as players want to play the games that they create with their friends, and it tends to make Roblox very sticky. This competitive advantage will also likely at some point turn into a powerful Network Effect Moat, if enough users join the platform.\nThe Key Factor\nThe key factor that drives monetization on the platform is engagement. The more engagement there is, the healthier the platform.\n\n Engagement is our north star. We're very pleased that during the third quarter, people of all ages from across the globe chose to spend over 11 billion hours on Roblox\n\n\n Source: Roblox CEO David Baszucki - Roblox Q3 2021 Shareholder Letter\n\nRoblox measures engagement through two metrics which are Daily Active Users (\"DAUs\") and hours engaged. In Q3, Roblox attracted an average of 47.3 million daily active users (DAUs) which was 31% higher than in Q3 of 2020 and was 2.6x larger than in Q3 of 2019. Users spent 11.2 billion hours engaged on the Roblox platform in Q3 of 2021, up 28% from Q3 in 2020 and up 3x over Q3 of 2019. From these increasing engagement numbers, Roblox is able to support its developer community, who earned over $130 million in the quarter and is on pace to earn well over $500 million this year.\nRoblox experienced severe headwinds in late October this year, as the company experienced a platform outage that shut everything down for three days. Prior to the outage, daily active users in October were 50.5 million, up 43% year-over-year. Hours of engagement in October were 3.2 billion, up 41% year-over-year. These numbers are an indication that Q4 numbers are likely to be strong when they get reported.\nWhat are the growth drivers Moving Forward?\nSource: Roblox Presentation\nThe four growth drivers that the company self-identified as a priority moving forward are:\n\nExtend International reach\nBroaden age demographics\nExpand how people use platform with new use cases\nGrow how engagement is monetized on platform\n\nInternational Expansion\nOf the four growth drivers, Roblox considers international expansion the most advanced. Currently, the rest of the world (\"ROW\") is growing faster than the USA and Canada together, which is currently at only 25% of the traffic on the platform. International Growth, like the US, occurs primarily through strong organic word of mouth in both users and developers.\nRoblox has also been developing powerful machine translation infrastructure, soon to be complete, that should be a big driver for international growth. This translation infrastructure will have the capability of doing translation into all supported languages, which is currently sitting at 11 different languages. In prior years, Roblox experiences had to be manually translated by the developer.\nBroaden Age Demographics\nUp until now, Roblox has shown great success reaching the 13 and under audience. However, for Roblox to reach its goals, the platform will have to broaden its demographics into a brand that appeals to all ages. The company plans to do this in several ways:\n\nEnable developers to build more polished experiences that will appeal to a wider range of users. Roblox is already giving tools to its developers to begin offering deeply immersive experiences through dynamic simulation, faster loading, and more sophisticated rendering.\nRapidly evolve avatar technology to be more realistic. Roblox management considers avatars important because it was discovered that they promote loyalty, engagement and an investment by the user in their virtual identity. Roblox plans on giving users a wider range of identity options, as well as giving users more options in clothing. Another area that Roblox needed improvement was facial animation. In December 2020, Roblox acquired facial tracking and animation company Loom.ai in a bid to make avatars more lifelike by doing things like giving them the ability to smile and make eye gestures.\nCreate better User Matching through better personalized recommendations based upon age, geography, and social graphing skill level. Roblox has also been working on content ratings based upon age. Since launching personalized search and discovery, there has been increased engagement from users as well as a wider distribution of engagement across all experiences which helps expand demographics through core network effects.\n\nUltimately, as the technology on the Roblox platform improves, the ability to create content for older users will improve and as more content for older ages appears, it should attract older users. Roblox is still in the very early stages of expanding the age demographics, yet is already seeing better usage in ages above 13. The 17-24 years old segment is currently growing very rapidly. Measuring by DAUs, approximately 50.4% of users are over the age of 13 this year, compared to 44.5% last year and 51.2% of engagement was from users over the age of 13, up from 40.8% two years ago.\nExpanding How People Use the Platform\nExpanding how people use platform should greatly enhance both DAUs and engagement hours. The Roblox platform is essentially a medium of shared experiences and Roblox is currently in the process of expanding the range of those shared experiences beyond simply playing games to things like education, shared music experiences (concerts), virtual shopping, to maybe even one day working in virtual environments.\nRoblox recently held an Investor Day, in which the company announced they were setting up a \"Roblox Education\" division that aims \"to support 100 million students learning on the Roblox platform by 2030\". Roblox plans to do this by building dynamic learning environments that educators can use to create educational content and to teach people how to code on the Roblox platform.\nRoblox is also creating a $10 million fund dedicated \"to bringing high-quality educational experiences to Roblox and to support educators in using Roblox Studio in their classrooms\". The company has major plans to use Roblox Studio to help teach \"computer science, design, and development courses\" to millions of children.\nThe stock has continued rising after its initial 42% jump after earnings and that is largely due to excitement over the news of Roblox expanding outside of games. Investors are just now becoming aware of the possibilities of the platform.\nGrowing The Roblox Economy\nRoblox plans on expanding the whole economic system that was built around gaming into other economic activities like \"high quality immersive brand advertising that is native and authentic\". Advertising is only the start because ultimately shopping in virtual stores could make its way on to the Roblox platform.\nThe basic building blocks to improving economic activity on the Roblox platform identified by the company include:\n\nRemoving friction in purchasing Robux on the platform. One example of Robux friction removal is the introduction of the Roblox premium subscription offering. Roblox premium offers two things for subscribers which are providing premium subscribers with a stipend of recurring Robux at a discounted rate and also providing premium features like a VIP pass that enables subscribers to get access to premium only features or items only available for purchase with a premium subscription. What this does for Roblox is turn the platform into more of a subscription offering, which increases the stability of Roblox bookings.\nMaking the process of purchasing the avatar and gear associated with the avatar, much easier. Also, improving how merchandise is created and sold on the platform. Roblox has long ago made the decision to make a move to a 100% user-generated content (\"UGC\") avatar marketplace. Prior to 2020, the avatar marketplace was primarily populated by Roblox designed items. Roblox is still relatively early in this transition to UGC.\nTesting ways to have select brands participate in the Roblox economy and engage with users in a way that enhances the user experience, which includes working with brands to sell branded merchandise in a catalogue. There are several examples of branding. One is with Disney(NYSE:DIS)having Avengers: Endgame themed collectibles available to be won in a game, another is Roblox teaming up with the NFL for a Superbowl promotion.Other examples of brands working with Roblox are entertainment brands working with Roblox to help them debut new content using interactive experiences like Ready Player One, Avengers and Aquaman. Roblox has even held concerts online and worked with artists like Ava Max on launching a single that attracted 1 million users. Various brands have also become interested in establishing their own presence on Roblox and Roblox calls these Branded Worlds. The first Branded World was launched with DC comics and today it has received millions of visitors. In an announcement made just recently, Nike(NYSE:NKE)teamed up with Roblox on building a 'Nikeland' virtual space.\n\nLet's now look at the earnings report that sent Roblox's stock up 42% in one day.\nRoblox Q3 2021 Earnings Report\nBefore getting into the revenues, I thought the following graphic from the Q3 2021 Supplemental materials would be very informative in describing how Roblox recognizes GAAP revenues:\nSource: Roblox Q3 2021 Supplemental materials\nRoblox Q3 2021 bookings grew 28% to $637.8 million compared to $496.5 million last year. For Roblox, booking growth is more important than revenue growth because bookings is actually recorded when people purchase Robux, but revenues are only recognized as users spend the Robux on the platform.\nThe company has also estimated October bookings between $177 million and $179 million, up 30% to 34% year-over-year, which is an indication that Q4 could also outperform.\nSource: Roblox Q3 2021 Supplemental materials\nAverage bookings per daily active user (ABPDAU) was $13.49 in Q3 2021, compared to $13.73 last year. The small decline was due to a shift in the geographic mix of the user base. ABPDAU is defined as bookings in a given period divided by the DAUs for such period. The metric ABPDAU is used to understand monetization trends across active users when they buy virtual currency and subscriptions. This number is also sort of a proxy for the value of the platform to Daily Active Users.\nSource: Roblox Q3 2021 Supplemental materials\nThe following graphic reconciles revenues to bookings and gives an investor a better idea of the relationship between revenues, deferred revenues and bookings.\nSource: Roblox Q3 2021 Earnings Release\nSource: Roblox Q3 2021 Supplemental materials\nRevenue in Q3 2021 was $509.3 million, an increase of 102% over Q3 2020. Cost of revenue totaled $130.0 million, up 98% year over year. Gross Profits were $379 million and Gross Margins were 74.47%.\nSource: Roblox Q3 2021 Supplemental materials\nData by YCharts\nRoblox has additional Operating Expenses to the normal R&D, S&M, and G&A expenses, which are labelled by the company as Developer Exchange Fees and Infrastructure & Trust and Safety. The Developer Exchange Fee is the payout that developers can elect to receive by converting Robux back into real world cash, which Roblox reports as an expense. Infrastructure and Trust & Safety are the costs associated with running Roblox cloud and the costs of operating the platform with security, safety and trust in mind.\nSource: Roblox Q3 2021 Supplemental materials\nRoblox is still heavily in investment mode, so operating expenses far exceed GAAP Gross Profit, resulting in an operating loss in Q3 2021 of $77.45 million compared to an operating loss of $51.52 million from the prior year.\nNet loss attributable to common stockholders, which includes a portion of the net loss attributable to the Luobu subsidiary, was $74.0 million, compared to a net loss attributable to common stockholders of $48.6 million last year. Net losses increased due to the higher levels of expense required to support the growth of the business and the fact that Roblox defers a significant amount of revenue to later periods.\nRoblox anticipates reporting net losses in the near and medium term, while also generating positive cash from operations. This occurs because deferred revenues are not included on the income statement, since deferred revenues are not considered revenue until they are earned, while, deferred revenues are included in the statement of cash flows.\nRoblox Q3 GAAP EPS of -$0.13 beats estimates by $0.01.\nYoung companies that are scaling often use a metric calledEBITDAbecause the early life stages of a company will often include a lot of financing and capital expenditures, which makes it hard to compare quarter-over-quarter and year-over-year operational profitability and efficiency.\nSource: Roblox Q3 2021 Supplemental materials\nRoblox adjusted EBITDA dropped to $135.7 million from a year-ago $161 million, which is an indication that this company is very much in investment mode to build out the Metaverse, which has been a very hot theme in the market lately.\nBalance Sheet\nSource: Roblox Q3 2021 Earnings Release\nBalance sheet had $1.93 billion in cash, cash equivalents and short-term investments at the end of the quarter. There is no long-term debt on the balance sheet. The company has payables of $178.65 million.\nCash from operations, which is the amount of money a company brings in from its ongoing, regular business activities was $181.2 million.\nSource: Roblox Q3 2021 Supplemental materials\nRoblox's Free Cash Flow, which is the amount of cash generated that is free and clear of all internal or external obligations, increased 7% over Q3 2020 to $170.6 million.\nSource: Roblox Q3 2021 Supplemental materials\nRoblox currently has a very solid balance sheet, positive cash flows, and the company has the ability to fund its growth initiatives.\nAnalyst Price Targets\nSource: Yahoo Finance\nThe above is based on 10 Wall Street analysts offering 12-month price targets for Roblox in the last 3 months. The average price target is $114.40 with a high forecast of $150.00 and a low forecast of $70.00. The average price target represents a 17% decrease from the last price of $134.72.\n\nRisks\nShort Term Risks: Roblox now trades at a Price to Sales of 40, which is near the upper range of where it has traded since its IPO. This is a highly valued stock and if the company fails to execute and/or investors get nervous because of macroeconomic risks like rising interest rates, supply chain woes or potential war concerns over Taiwan, the stock could drop very rapidly.\nAnother risk that has been a big knock on the stock of Roblox this year is that with lockdowns and school closures ending, it could affect engagement on the Roblox platform because the age demographics that currently use Roblox are mostly school age. Roblox's Q3 results has taken a lot of the wind out of the sails of that theory, as engagement is still healthy.\nAlso, I don't think it is any accident that Roblox has announced a lot of education initiatives at its investor day. If Roblox is successful in getting educators to use Roblox in school systems around the country, then concerns that the school system will lower engagement from kids aged 7 to 18 will only go lower over time.\nLong Term Risk: Roblox is a speculative stock. What investors are speculating on is that the concept of the Metaverse becomes popular and that Roblox will become one of the leading players in the Metaverse. If the Metaverse fails to reach the level of popularity that investors expect or Roblox fails to establish itself as one of the leading players in the Metaverse, then the stock will fall.\nRoblox will also have fierce competition in the Metaverse arena, including Meta, formerly known as Facebook and they will also have to face other large players like Nvidia's(NASDAQ:NVDA) Omniverse. Roblox currently has first mover advantages over most Metaverse players, as well as having the advantage of building the Roblox platform with trust and security in mind. This mindset is very different than Facebook, which sacrificed trust and security, in the name of growth on the Facebook platform. Roblox, on the other hand, took trust and security far more seriously very early on, probably after observing many of Facebook's mistakes in building a social network.\nBecause of Roblox branding itself as safe and secure, any breach in that safety and security can damage the brand long term. Roblox has already had problems with its security, with some developers having found ways around restrictions around sexual content and dating, that Roblox wound up having to patch.\nAnother concern is Roblox addiction. There is a fine line between driving more engagement and making children so addicted to the platform that they fail to develop real life social skills. Any adverse publicity on the topic of Roblox addiction where it is found that too much time in the Metaverse hurts people's mental health could hurt the company's long-term goal of raising engagement levels.\nLast but not least. Up until now, Roblox has been mostly for kids. Long-term, Roblox's business depends on its demographics spreading to adults. If Roblox fails in expanding its demographics, the stock will likely have far less upside than investors are currently enthusiastically pricing in.\nConclusion\nRoblox stock is a buy for very aggressive investors willing to speculate on the upside of the Metaverse. This stock is selling at a high valuation, so less aggressive investors might want to wait for the stock to pull back.","news_type":1},"isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875788266,"gmtCreate":1637688504046,"gmtModify":1637705542563,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875788266","repostId":"1117658681","repostType":4,"repost":{"id":"1117658681","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637681053,"share":"https://www.laohu8.com/m/news/1117658681?lang=&edition=full","pubTime":"2021-11-23 23:24","market":"us","language":"en","title":"XPeng shares rose nearly 12% in early trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1117658681","media":"Tiger Newspress","summary":"XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported ","content":"<p>XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.<img src=\"https://static.tigerbbs.com/a8d43127b29dfc54fadaa9e23939d911\" tg-width=\"878\" tg-height=\"596\" referrerpolicy=\"no-referrer\">The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.</p>\n<p>Revenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.</p>\n<p>Gross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng shares rose nearly 12% in early trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng shares rose nearly 12% in early trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-23 23:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.<img src=\"https://static.tigerbbs.com/a8d43127b29dfc54fadaa9e23939d911\" tg-width=\"878\" tg-height=\"596\" referrerpolicy=\"no-referrer\">The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.</p>\n<p>Revenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.</p>\n<p>Gross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117658681","content_text":"XPeng shares rose nearly 12% in early trading after the China-based electric vehicle maker reported a wider-than-expected third-quarter loss but revenue that rose well above forecasts and provided an upbeat fourth-quarter outlook.The net loss widened to RMB1.59 bln ($249.7 million), or RMB1.89 per American depositary share (ADS), from a loss of RMB1.15 billion a year ago. Excluding nonrecurring items, the adjusted loss per ADS came to RMB1.77, compared with the FactSet consensus of RMB1.30.\nRevenue jumps 187.4% to RMB5.72 billion ($895.5 million) to beat the FactSet consensus of RMB5.03 billion, as deliveries rose 199.2% to a record 25,666 vehicles, including 217.7% growth in P7 model deliveries.\nGross margin improved to 14.4% from 4.6%. Looking ahead, the company expects fourth-quarter deliveries of between 34,500 and 36,500 vehicles, representing growth of 166.1% to 181.5%, and revenue between RMB7.1 billion and RMB7.5 billion, compared with the FactSet consensus of RMB6.09 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875788376,"gmtCreate":1637688362608,"gmtModify":1637705542597,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875788376","repostId":"1176372323","repostType":4,"repost":{"id":"1176372323","kind":"news","pubTimestamp":1637668584,"share":"https://www.laohu8.com/m/news/1176372323?lang=&edition=full","pubTime":"2021-11-23 19:56","market":"us","language":"en","title":"XPeng shares gain after Q3 beat, guides Q4 revenues above consensus","url":"https://stock-news.laohu8.com/highlight/detail?id=1176372323","media":"seekingalpha","summary":"XPeng (NYSE:XPEV) +4.3% premarket on exceeding Q3 consensus mark.\nThe company reported Q3 deliveries","content":"<p>XPeng (NYSE:XPEV) +4.3% premarket on exceeding Q3 consensus mark.</p>\n<p>The company reported Q3 deliveries growth of 199% Y/Y and 47.5% Q/Q to 25,666 units, exceeding the company's guidance of 23,000 to 25,000 vehicles.</p>\n<p>P7 deliveries rose 71.2% Q/Q to 19,731 units, of which 99% can support XPILOT 2.5 or XPILOT 3.0.</p>\n<p>The company's branded super charging stations expanded to 439, covering 121 cities as of September 30, 2021.</p>\n<p>Revenues from vehicle sales increased 187.7% to $847.4M, mainly due to higher vehicle delivery, especially for the P7.</p>\n<p>Revenues from services and others grew 182.2% to $40.3M.</p>\n<p>Gross margin rate was 14.4% vs. 4.6% year ago. Vehicle margin was 13.6% vs. 3.2% year ago.</p>\n<p>CEO comment: “Looking forward, XPeng will continue to trailblaze new and disruptive advancements that redefine China’s automobile industry, transforming future mobility with technology. We believe our innovative mindset, outstanding full-stack R&D capabilities and a powerful pipeline of products will continue to drive our future success.”</p>\n<p>Q4 Guidance: Deliveries: ~34.5K-36.5K vehicles (+~166.1% to +181.5% Y/Y); Total revenues: RMB7.1B to RMB7.5B (~+149% to +163% Y/Y) vs. consensus of RMB5.8B.</p>\n<p>Last week, the company unveiled its new G9 flagship smart SUV at the 19th Guangzhou International Automobile Exhibition.</p>\n<p>Total Smart EV deliveries reached 10,138 in October 2021, representing a233% increase Y/Y.</p>\n<p>During the quarter, the company began shipping its P7 sedan to Norway and expects to deliver models to customers in Q4 2021.</p>\n<p>Peer, Li Auto(NASDAQ:LI)to report Q3 results next week on November 29. Expects Q3 deliveries in the range of 25,000 and 26,000 units, an increase of 188.7% to 200.2% from Q3 2020.</p>\n<p>XPeng unveiled anew model last week.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng shares gain after Q3 beat, guides Q4 revenues above consensus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng shares gain after Q3 beat, guides Q4 revenues above consensus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 19:56 GMT+8 <a href=https://seekingalpha.com/news/3773645-xpeng-shares-gain-after-q3-beat-guides-q4-revenues-above-consensus><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>XPeng (NYSE:XPEV) +4.3% premarket on exceeding Q3 consensus mark.\nThe company reported Q3 deliveries growth of 199% Y/Y and 47.5% Q/Q to 25,666 units, exceeding the company's guidance of 23,000 to 25,...</p>\n\n<a href=\"https://seekingalpha.com/news/3773645-xpeng-shares-gain-after-q3-beat-guides-q4-revenues-above-consensus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","09868":"小鹏汽车-W"},"source_url":"https://seekingalpha.com/news/3773645-xpeng-shares-gain-after-q3-beat-guides-q4-revenues-above-consensus","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1176372323","content_text":"XPeng (NYSE:XPEV) +4.3% premarket on exceeding Q3 consensus mark.\nThe company reported Q3 deliveries growth of 199% Y/Y and 47.5% Q/Q to 25,666 units, exceeding the company's guidance of 23,000 to 25,000 vehicles.\nP7 deliveries rose 71.2% Q/Q to 19,731 units, of which 99% can support XPILOT 2.5 or XPILOT 3.0.\nThe company's branded super charging stations expanded to 439, covering 121 cities as of September 30, 2021.\nRevenues from vehicle sales increased 187.7% to $847.4M, mainly due to higher vehicle delivery, especially for the P7.\nRevenues from services and others grew 182.2% to $40.3M.\nGross margin rate was 14.4% vs. 4.6% year ago. Vehicle margin was 13.6% vs. 3.2% year ago.\nCEO comment: “Looking forward, XPeng will continue to trailblaze new and disruptive advancements that redefine China’s automobile industry, transforming future mobility with technology. We believe our innovative mindset, outstanding full-stack R&D capabilities and a powerful pipeline of products will continue to drive our future success.”\nQ4 Guidance: Deliveries: ~34.5K-36.5K vehicles (+~166.1% to +181.5% Y/Y); Total revenues: RMB7.1B to RMB7.5B (~+149% to +163% Y/Y) vs. consensus of RMB5.8B.\nLast week, the company unveiled its new G9 flagship smart SUV at the 19th Guangzhou International Automobile Exhibition.\nTotal Smart EV deliveries reached 10,138 in October 2021, representing a233% increase Y/Y.\nDuring the quarter, the company began shipping its P7 sedan to Norway and expects to deliver models to customers in Q4 2021.\nPeer, Li Auto(NASDAQ:LI)to report Q3 results next week on November 29. Expects Q3 deliveries in the range of 25,000 and 26,000 units, an increase of 188.7% to 200.2% from Q3 2020.\nXPeng unveiled anew model last week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872497787,"gmtCreate":1637556982801,"gmtModify":1637558806123,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872497787","repostId":"1153786917","repostType":4,"repost":{"id":"1153786917","kind":"news","pubTimestamp":1637534687,"share":"https://www.laohu8.com/m/news/1153786917?lang=&edition=full","pubTime":"2021-11-22 06:44","market":"us","language":"en","title":"Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1153786917","media":"Barrons","summary":"The tail end of third-quarter earnings season will bring more results from major retailers next week","content":"<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and Gap.</p>\n<p>Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p>\n<p>Non-retail highlights on the earnings calendar next week include Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and VMware on Tuesday, Deere on Wednesday and Pinduoduo,Meituan and RLX Technology on Friday.</p>\n<p>The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p>\n<p>On Tuesday,IHS Markit releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p>\n<p>On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p>\n<p>U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p>\n<p>Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p>\n<p><b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p>\n<p>Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p>\n<p><b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p>\n<p><b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p>\n<p>Deere reports fiscal fourth-quarter 2021 results.</p>\n<p><b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p>\n<p><b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p>\n<p><b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p>\n<p><b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p>\n<p><b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-22 06:44 GMT+8 <a href=https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from ...</p>\n\n<a href=\"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DELL":"戴尔","DE":"迪尔股份有限公司",".IXIC":"NASDAQ Composite","ZM":"Zoom",".DJI":"道琼斯",".SPX":"S&P 500 Index","BBY":"百思买"},"source_url":"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153786917","content_text":"The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and Gap.\nFriday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.\nNon-retail highlights on the earnings calendar next week include Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and VMware on Tuesday, Deere on Wednesday and Pinduoduo,Meituan and RLX Technology on Friday.\nThe National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.\nOn Tuesday,IHS Markit releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.\nOn Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.\nU.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.\nAgilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.\nThe National Association of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.\nAnalog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.\nIHS Markit releases both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.\nThe BEA reports its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.\nDeere reports fiscal fourth-quarter 2021 results.\nThe Federal Open Market Committee releases minutes from its early-November monetary-policy meeting.\nThe Census Bureau releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.\nThe BEA reports personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.\nU.S. bourses and fixed-income markets are closed in observance of Thanksgiving.\nIt’s Black Friday, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.","news_type":1},"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872497512,"gmtCreate":1637556960254,"gmtModify":1637558806238,"author":{"id":"4100659213124650","authorId":"4100659213124650","name":"Bulbman","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100659213124650","authorIdStr":"4100659213124650"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/872497512","repostId":"1153786917","repostType":4,"isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
