• 70
  • 6
  • 收藏

Roblox stock falls 9% as results show slowdown after Halloween outage

Dow Jones2021-12-16

Growth slows when comparing November numbers to those from October after massive outage on Halloween weekend

Roblox Corp. shares fell 9% Wednesday, after the social-gaming and creation platform revealed that growth slowed after a massive Halloween weekend outage.

Roblox $(RBLX)$ shares finished at $97.95, after being down as much as 13% in late afternoon trading. Shares are still 118% above their $45 direct-listing reference price from back in March, when the company went public. By comparison, the S&P 500 index is up 22%, and the tech-heavy Nasdaq Composite Index is up 19%, but the Renaissance IPO ETF $(IPO.UK)$ is down 10% over that period.

A month ago, Roblox shares soared more than 40% in one day after the company reported strong October results despite having lost three days to an outage that occurred over Halloween weekend Shares surged the other way Wednesday after the videogame company disclosed November numbers that were not as strong.

For November, the company reported 49.4 million average daily active users, up 35% from last November but down from the 50.5 million it had in the first 27 days of October, which was a 43% gain from October 2020.

Estimated bookings for November were between $208 million and $211 million, or a gain of 22% to 24% year over year, Roblox said. Using the first 27 days of October, Roblox said bookings were between $177 million and $179 million in 2021, or 30% to 34% above the same period a year ago.

For November, hours engaged were 3.6 billion, a gain of 32% year over year, but in the first 27 days of October, hours of engagement were 3.2 billion, or up 41% over the same period in 2020.

"This marks an acceleration from October's metrics when including the outage, but a deceleration from the unaffected first 27 days of October in terms of growth in DAUs, bookings and hours engaged," KeyBanc Capital markets analyst Tyler Parker wrote in a note Wednesday. Parker has a hold rating on Roblox.

Read: Amazon videogame exec on the success of 'New World' and why everyone is chasing Roblox

"Management commented on the last earnings call that November and October are usually similar in size; thus, we believe the bogey was closer to $215M to $220M in bookings for the buyside for November," Parker said. "Considering management has also said December is roughly 80% larger than the October/November levels, we believe this means 4Q numbers are likely to come down in the immediate term."

Of the 14 analysts who cover Roblox, 10 have buy ratings, three have hold ratings, and one has a sell rating, with an average price target of $113.36, according to FactSet data.

-Wallace Witkowski

$(END)$ Dow Jones Newswires

December 15, 2021 16:13 ET (21:13 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论6

  • noob80
    ·2021-12-16
    Like pls
    回复
    举报
  • Ken3888
    ·2021-12-16
    K
    回复
    举报
    收起
    • Ken3888
      K
      2021-12-16
      回复
      举报
  • PBL170
    ·2021-12-16
    Good
    回复
    举报
  • andrew123
    ·2021-12-16
    Like
    回复
    举报
    收起
    • andrew123
      tks
      2021-12-16
      回复
      举报
    • Pplymm
      Like
      2021-12-16
      回复
      举报
  • Linda1127
    ·2021-12-16
    Well, outage always cost you $$
    回复
    举报
  • johnnylst
    ·2021-12-16
    Nice
    回复
    举报
 
 
 
 

热议股票

 
 
 
 
 

7x24