RBLX - Roblox: Strong Q4 Growth But Stock Comp Is Growing Even Faster
2024-02-10 01:41:20 ET
Summary
- Roblox shares rallied after reporting strong Q4 results, with its best quarterly bookings growth in years.
- However, stock comp is growing even faster, and was ~33% of revenue in Q4.
- Roblox should continue to put up solid numbers, but its valuation makes little sense.
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Roblox: Strong Q4 Growth, But Stock Comp Is Growing Even Faster