ROBLOX(RBLX.O):成长与盈利共振的全球领先UGC游戏平台

中金公司
13 Jan

投资亮点首次覆盖ROBLOX(RBLX)给予跑赢行业评级,目标价63.00 美元,对应2025 年7.8x P/Bookings1。公司是全球领先的UGC 游戏平台,我们看好其UGC 内容及强社交属性双飞轮构建的坚实竞争壁垒、年龄破圈与国际化拓展致用户及变现效率较快增长、降本增效战略下利润持续释放。具体理由如下:基础设施持续升级,助力飞轮效应进一步释放。内容创作模式方面,Roblox 构造独特的“...

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