Roblox Analysts Boost Their Forecasts Following Q1 Results

Benzinga
05/03

Roblox Corp (NYSE:RBLX) reported a narrower-than-expected loss for its fiscal first quarter on Thursday.

The company reported quarterly bookings growth of 31% year-on-year to $1.21 billion, topping the analyst consensus estimate of $1.14 billion.

The video game developer reported an EPS loss of 32 cents, narrower than the analyst consensus estimate of 40 cents loss. The revenue of the American video game developer grew by 29% Y/Y to $1.04 billion.

CEO David Baszucki said during the quarter, Roblox creators earned a record $281.6 million and over the past 12 months, more than 100 Roblox developers earned over $1 million. As a whole, the community is on pace to exceed $1 billion of earnings for the full year.

Roblox said it expects second-quarter bookings of $1.165 billion-$1.190 billion (versus the consensus of $1.170 billion) and fiscal 2025 bookings of $5.285 billion-$5.360 billion (prior $5.20 billion-$5.30 billion) versus the analyst consensus estimate of $5.210 billion.

Roblox shares gained 5.4% to trade at $72.72 on Friday.

These analysts made changes to their price targets on Roblox following earnings announcement.

  • Benchmark analyst Mike Hickey maintained Roblox with a Buy and raised the price target from $71 to $77.
  • Canaccord Genuity analyst Jason Tilchen maintained the stock with a Buy and raised the price target from $80 to $84.
  • Roth MKM analyst Eric Handler maintained Roblox with a Neutral and raised the price target from $72 to $74.
  • Wells Fargo analyst Ken Gawrelski maintained the stock with an Overweight rating and raised the price target from $70 to $78.

Considering buying RBLX stock? Here’s what analysts think:

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