$RBLX up 14.26% overnight after Arete flipped to Buy (target $75 → $95)
Key alpha:
GAAP? Still bleeding. $294M operating loss, $246M net loss.
Cash flow? Printing. $596M FCF, $629M operating cash flow. That's the entire thesis — accounting loss vs actual cash machine.
TD Cowen caught a 10% WoW spike in concurrent users. Strongest weekend engagement in 2.5 years. Summer break + viral Grow a Garden 2 + Russia unbanned.
Cathie's ARK bought 490k shares in the low $40s.
TL;DR: Market finally pricing in cash generation over GAAP noise. If engagement holds, this runs.
Key alpha:
GAAP? Still bleeding. $294M operating loss, $246M net loss.
Cash flow? Printing. $596M FCF, $629M operating cash flow. That's the entire thesis — accounting loss vs actual cash machine.
TD Cowen caught a 10% WoW spike in concurrent users. Strongest weekend engagement in 2.5 years. Summer break + viral Grow a Garden 2 + Russia unbanned.
Cathie's ARK bought 490k shares in the low $40s.
TL;DR: Market finally pricing in cash generation over GAAP noise. If engagement holds, this runs.