Latest news with #virtualcurrency
Yahoo
02-07-2025
- Business
- Yahoo
Up Over 80% This Year, Is It Too Late to Buy Roblox Stock?
Roblox is trading at its 52-week high as it's coming off a strong quarter that saw improvements in both its top and bottom lines. It still has many avenues for future growth, including through advertising and diversifying its games and reaching broader audiences. Roblox still isn't profitable, and it may not hit breakeven anytime soon. 10 stocks we like better than Roblox › One of the hottest gaming stocks to own this year has been Roblox (NYSE: RBLX). The company's gaming platform is easy for kids to use and has 40 million games, providing users with a wide range of entertainment options. On average, there are also close to 100 million daily active users on Roblox. The stock has been on fire since early April, with its year-to-date returns now sitting at around 80% (as of June 30). It's trading near its 52-week high, and it has a market cap of more than $70 billion. With a high valuation and the stock doing so well, is it too late to invest in Roblox right now, or could there still be more gains ahead for investors who buy the stock today? Roblox has a popular gaming platform that appeals to young kids. The vast majority of the revenue the company generates is from the sale of its virtual currency, Robux, which allows users to purchase in-game items and experiences. While that has enabled the business to grow its sales significantly over the years and has now brought in $3.8 billion in revenue over the trailing 12 months, Roblox is still only scratching the surface of its longer-term potential. One way the gaming company can grow its top line even further is through advertising, and offering companies unique ways to reach users through games. This can be a tricky avenue to navigate, given that most of its users are under the age of 18, but it's a relatively untapped opportunity for the business. Earlier this year, it announced rewarded video ads, where users can choose to watch 30-second video ads in exchange for receiving in-game benefits. The company has also been allowing creators to make games targeting older, more mature audiences. Not only can that help grow its user base, it also means it'll be easier to advertise to a wider range of demographics, which is appealing to more businesses. A big challenge for Roblox is staying out of the red. In its most recent quarter, which ended on March 31, the company's net loss totaled $215 million, on revenue totaling just over $1 billion. The good news is that it's making some progress in the right direction. From a cash flow point of view, there is even better news: its quarterly operating cash flow for the period totaled $444 million, which was close to double the $239 million it brought in over the same period last year. By strengthening its financials while also expanding its growth opportunities, Roblox will become a more appealing stock to more growth investors in the process. Smaller losses and improved cash flow can make it a less risky investment to own. Roblox is still in its early growth days, which is why I don't think the stock is anywhere near hitting a peak. With many young users on its platform, there's the potential for them to become life-long customers through the company's immensely diverse games. Even though there are tens of millions of games already, that number can get much bigger, especially as developers make games serving broader audiences. Plus, a big advantage Roblox has over other gaming companies is that its users can also make games on its platform themselves. This means that it doesn't have to spend heavily on producing and developing games. Although the stock has been red-hot in recent months, it's by no means too late to invest in Roblox. This can be a great growth stock to buy and hold for years. Roblox possesses a lot of upside over the long haul, as its business continues to evolve and diversify. Before you buy stock in Roblox, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Roblox wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy. Up Over 80% This Year, Is It Too Late to Buy Roblox Stock? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Health
- Yahoo
Nigerian app connects spiritual seekers to African priests online
STORY: In Lagos, Nigeria, an app fusing tradition and technology hopes to redefine spiritual practises. Thirty-two-year-old Olawole Olakunle, an Ifa priest, has founded the web-based platform, He undertakes centuries-old rituals from his desk, streaming his consultation to his client online. It connects users with verified spiritual practitioners in Africa. "Some people don't know how to find a priest, some people don't know what it looks like relating with a priest, and for that reason we decided to create a platform where genuine users will meet with genuine priests." Users purchase virtual currency to engage with priests, who set their own rates for sessions. The app ensures transparency and ethical practises through an embedded red flag scanner which aims to safeguard from unethical interactions. Olakunle says his platform guarantees users receive personalized rituals, complete with video verification. This user, who wishes to remain anonymous, found the platform during a tough period in his life. He says he found spiritual guidance and a renewed sense of purpose. "I realized that some of them just want me to be part of their congregation, they don't really want to solve my problem. I have a problem, I don't want to be under anybody, I just want to solve my problem and create a relationship. Some of them don't even know what they are doing, and some they know what they are doing, they understand it but we don't have a chemistry, they are doing the right thing for me but I am not seeing the result.' The platform also has podcasts which Olakunle hopes will dispel stereotypes and understanding of spiritual practices. He hopes it's a catalyst for genuine spiritual guidance via technology.
Globe and Mail
18-05-2025
- Business
- Globe and Mail
2 Breakout Growth Stocks to Buy and Hold for the Next 10 Years
Stocks that are hitting new highs, especially on top of growing demand for their products, can signal a long-term winner. The following growth stocks pulled back along with the market sell-off this year before strong first-quarter earnings results sent them to new highs. Here's why investors might want to consider adding these two stocks to their portfolios right now. 1. Roblox Investors are starting to catch on to the tremendous opportunity for Roblox (NYSE: RBLX). It's a free online platform where 98 million users come to play games and interact with others across a range of different user-created experiences. The stock has more than doubled over the past year and just hit a new 52-week high following another strong quarter. Roblox is available on all gaming platforms, including console, mobile, and PC. It's popular with kids, but its fastest-growing age group are users older than 13 years. The ability to capture interest from older users is significantly expanding Roblox's growth potential. Many of the experiences on the platform are free, but players can also spend money on virtual currency (Robux) to unlock other content. Investors are starting to see that Roblox has a sustainable growth story with many years of growth ahead. Over the last three years, revenue has nearly doubled and grew 29% year over year in the first quarter. Roblox says its community of content creators is on track to earn more than $1 billion in compensation (developer exchange fees) this year. This is a great incentive to encourage more creators to make content for the platform. Like Netflix illustrated over the past decade, Roblox could benefit significantly from increasing the quantity of content available on the platform to appeal to a larger user base. Roblox believes it can capture 10% of the annual money spent on video game content. Industry estimates vary depending on the source, but Roblox references Newzoo's $180 billion estimate for the video game industry in 2024. Roblox's trailing-12-month revenue totaled $3.8 billion, and with revenue growing more than 20% year over year, it is certainly on course to reach its long-term target of $18 billion in annual revenue within the next decade. That would fuel handsome gains for shareholders. 2. Toast Restaurants are starting to adopt cloud -based solutions for managing their businesses. Strong demand for Toast 's (NYSE: TOST) platform has sent the stock soaring over the past year, and it just hit another new high following another strong quarter of growth. Toast added 6,000 net new locations in the first quarter, with revenue up 31% year over year to $1.7 billion. The company is starting to see profits rise as the business grows, which is fueling investor optimism and supporting a higher share price. Toast has great growth potential since it is demonstrating it can adopt its platform to meet the needs of a wide range of restaurant types. Whether it's serving the needs of a large restaurant chain like Applebee's or signing a deal to provide digital solutions for Topgolf, Toast is gaining momentum across the industry. Its intuitive and comprehensive platform is a key selling point. Toast provides lots of tools that make running a restaurant business a lot easier, including kitchen displays and handheld devices for staff. It also provides real-time analytics that helps restaurants learn ways to improve service and reduce costs. Toast says it is winning the majority of deals over its competitors, positioning the business for a record quarter of net new additions for Q2. Toast has only captured 10% of the 1.4 million restaurant locations in its addressable market. It is clearly on track to capture a larger share of this market, and that means the stock could deliver multibagger returns to investors. Should you invest $1,000 in Roblox right now? Before you buy stock in Roblox, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Roblox wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor 's total average return is975% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
