We recently published a list of 10 Firms Hit Hard in Thursday’s Trading. In this article, we are going to take a look at where Roblox Corporation (NYSE:RBLX) stands against other firms that hit hard in Thursday’s trading.
Shares of 10 companies were hit hard on Thursday, bucking a mostly optimistic broader market, as investor sentiment was dragged down by disappointing earnings performances and loss of key partnerships.
The Dow Jones was the sole decliner during the day, losing 0.28 percent in its valuation. In contrast, the S&P 500 and Nasdaq Composite both ended firmer, rallying by 0.36 percent and 0.51 percent, respectively.
This article details the reasons behind the 10 companies’ lackluster performance.
To come up with Thursday’s worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Shares of Roblox Corporation (NYSE:RBLX) tumbled 11.15 percent on Thursday to end at $67.12 apiece as investor sentiment was dampened by weak outlook guidance, despite improvements in its earnings performance last year.
For the full year 2025, Roblox (NYSE:RBLX) expects revenues to settle between $4.25 billion and $4.34 billion, as well as a consolidated net loss between $995 million and $1.07 billion.
In the fourth quarter of 2024, Roblox (NYSE:RBLX) was able to trim its net loss attributable to shareholders by 32 percent to $219.6 million from the $323.7 million registered in the same period a year earlier.
Net loss attributable to shareholders for the full year 2024 also narrowed by 19 percent to $935 million from $1.15 billion year-on-year.
Meanwhile, revenues for the quarter increased by 31.7 percent to $988 million from $749.94 million year-on-year. Revenues for the full year jumped by 28 percent to $3.6 billion from $2.8 billion.
Overall, RBLX ranks 6th on our list of firms that hit hard in Thursday’s trading. While we acknowledge the potential of RBLX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RBLX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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