![]() This is too weak for a company whose stock price trades at a price-to-sales of 32 times. Bookings also rose by 35% to $665.5 million. ![]() Last quarter, Roblox posted revenue growing by 127% to $454.1 million. The stock could break out of its trading range on the market’s euphoria for Meta.ĭisciplined investors may want to wait until after the company posts its third-quarter earnings on Nov. Since its direct listing starting at $45, RBLX shares soared to over $100 only to stumble. While Facebook touts its “Meta” rebrand to reflect its commitment to fitness, games and the office, Roblox is a pure-play meta investment. Users program games that other users can play. Roblox is an online gaming platform and game creation system. ![]() InvestorPlace - Stock Market News, Stock Advice & Trading Tips RBLX Stock Is Very Hot In the context of its platform, what are Roblox’s prospects? While Facebook wants to promote a Meta world and its Oculus headset, RBLX stock may benefit as investors scramble to pick the winners. ![]() Companies also spent time developing virtual reality hardware. Virtual worlds have been around for many years. The prospects of a metaverse are very real. ![]()
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