Roblox (RBLX) Fails To Build In Q2

Roblox (RBLX) is the subject of today’s FOMO segment. In this segment Alex Coffey and Jenny Horne discuss the videogame company which missed analyst estimates on the top and bottom lines. Jenny breaks down the RBLX 2Q earnings report including bookings which was down 4% Y/Y, hours engaged up 16% Y/Y and 52.2M average daily users which is about a million shy of consensus. Alex then demonstrates a Buy Call Vertical example trade using Roblox (RBLX) which was trading around $45.85/share Wednesday which is down 55% YTD.