Roblox (RBLX) will report its Q4 earnings after the market close on Tuesday, as investors and analysts look to see how the metaverse gaming company’s growth path will shake out after receiving a boost from homebound users during the pandemic.
Here’s what Wall Street is expecting from Roblox in the quarter.
Roblox, which went public in March 2021, is considered a proxy for investors hoping to take an early stake in the metaverse, the 3-D version of the internet that prompted Facebook to change its name to Meta. The gaming platform allows users to create their own content, and make money off of it, and gives players the ability to travel between different games using a single account.
In Q3, the company saw revenue increase a whopping 102% year-over-year to $509.3 million, while bookings jumped 28% to $638 million. Bookings are a measure of the amount of virtual currency, or Robux,…
