Roblox is benefitting from unit economies, with bookings growth outpacing the growth in fixed growth. I expect Roblox to exceed management’s full-year guidance for bookings and free cash flow.

Roblox Corporation (NYSE:RBLX) is a strong investment with a lot going for it. Not only does it hold about 4% of its market cap as cash and marketable securities, making it well-capitalized, while ...