$RBLX - EARNINGS JUST RELEASED -
Added 2025-02-06 14:59:12 +0000 UTCBeat on Earnings but missed slightly on revenue by -0.8%
So what can we see from the chart?
A clear run up to the 1.618 Fib for Wave 3, rejecting now and pulling back for a potential Wave 4.
Inbetween the 0.38 - 0.5 Fib is the blue support/resistance line, so a retest of this line, where the 200 Day MA is also waiting and a hold for support and this should move up for Wave 5 next
Textbook so far but this Wave 4 will likely continue until the next earnings.
Shares fell 21% to $59.51 as Roblox posted bookings of $1.36 billion in the quarter. While the figure represented a 21% increase from the previous year, it fell short of analysts' calls for $1.37 billion.
The company also reported 83.5 million daily active users, up 19% from the prior year, but sharply missing analysts' expectations of 88.39 million.
CEO David Baszucki said the company would continue to invest in its virtual economy, app performance, and "AI-powered discovery and safety" in 2025.
Roblox said it anticipates full-year bookings in the range of $5.2 billion to $5.3 billion. The midpoint of the range was below analysts' estimates of $5.3 billion, according to FactSet.
