“Roblox Stock Crashes 21% On Q2 Earnings; Is RBLX Stock A Buy Right Now?”
August 11, 2023
“…On Wednesday, Roblox shares crashed nearly 22% after the videogame company reported earnings below analysts’ expectations. Roblox lost 46 cents per share on bookings of $781 million.
For the June-ended quarter, Roblox notched $781 million in net bookings and $38 million in adjusted earnings before interest, taxes, depreciation and amortization. Analysts polled by FactSet were expecting $785 million and $46 million, respectively…”
https://www.investors.com/research/roblox-rblx-stock-buy-now/?src=A00220
Personally I don’t like any entertainment stocks at the moment because the vast majority of people are cutting spending. The first thing to get cut is entertainment. That’s just a general rule of thumb of mine in recessions. There can be exceptions but I’m not looking for them.