TMTB: RBLX beats bogeys; UBER Solid; BABA mixed; SNAP rug pull; MS bulls NVDA; 3p roundup (ETSY, CART); DIS/FOX/WBD sports streaming; FTNT good billings but things to nitpick; CTSH lowers guide
Good morning - QQQs are up 40bps, Crude is up 80bps, yields are up a few bps, and China is pulling back a bit after yesterday’s ramp. Lots of earnings to get to today….
RBLX: Very solid print with Q4 bookings and Q1 bookings guide higher than bogeys. Full year EBITDA guide way above
This is the print bulls wanted from mgmt and they got it (we pitched RBLX earnings long to our TMTB Pro subs this wkend). Big contrast with SNAP this morning - both companies had been looked as poorly run and this shows RBLX serious about turning around perceptions. EBITDA guide way above is what has me very intrigued.