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I'm concerned that Roblox's bookings growth has dipped below 20%, a critical threshold for growth investors.
Despite a projected 260% increase in free cash flow for 2024, I'm questioning the sustainability of this growth.
I'm choosing to remain on the sidelines and not invest in Roblox at this time.
Investment Thesis
Roblox ( RBLX ) is making tremendous efforts to improve its overall profitability. Case in point, 2024 is expected to see Roblox's free cash flow improve by 260% relative to 2023....