Roblox Q3 Earnings Preview: Ready to Compete?

November 4, 2021

Roblox will report fiscal third-quarter earnings on Nov. 8.

Image source: Getty Images.
Key Points

  • Analysts on Wall Street expect Roblox to report revenue growth of 163% in Q3.
  • Facebook (now Meta) will enter the metaverse industry and compete with Roblox.
  • Investors will want to hear how Roblox management is planning to deal with the competition.
Roblox is one of the pioneers of the metaverse, an internet space where users can interact with each other and the environment virtually. The company is set to report third-quarter earnings on Nov. 8.

Taking center stage in investors’ minds will be how Roblox is reacting to the recent announcement of Meta Platforms (NASDAQ:FB), formerly known as Facebook. The name change is a result of the company’s shifting focus to the metaverse.

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