Roblox Reported Promising Earnings and The Trade Desk Has an Upcoming Stock Split ๐Ÿ’ฐ

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Roblox Reported Promising Earnings and The Trade Desk Has an Upcoming Stock Split

Roblox ย 

Roblox is a gaming app for kids that just recently entered the stock market through an IPO. They have become very popular during the COVID-19 pandemic as many kids started to play video games, and their market cap sits at a solid $35.235 billion. Fun fact, Cathie Wood invested in Roblox!

Roblox reported their first earnings since they went public, and things looked nice. They reported a loss of 46 cents per share, but revenue increased by 140 percent to $387 million. More notably, they saw a massive increase in daily active users and bookings per daily user, which is important because Roblox is a mostly free app. Guidance was also positive, and it reminded many that gaming companies are very lucrative.

Roblox closed at $64.00 but rose to $68.40 after hours.

The Trade Desk

The Trade Desk has been one of the fun tech names during the pandemic. They are a software company in California with a market cap of $23.271 billion. They saw their stock rise by 493.24% from peak to trough as the whole industry outperformed the markets in the COVID-19 recovery.

TTD reported earnings on Monday, and it was quite interesting. They killed the earnings expectations, reporting a profit of $1.41 per share, and their revenue slightly beat with $219.8 million. Along with this, TTD announced that they were going to initiate a 10-for-1 stock split, which essentially means that the price will be one-tenth of the current value, but the number of outstanding shares will increase by 10 times.

TTD had a massive fall, closing at $489.60, which represented a 25.98% decrease in the price.

I am not a financial advisor and my comments should never be taken as financial advice.ย Investments come with risk, so always do your research and analysis beforehand.

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