PACKAGE. >> SO MANY VARIABLES AT PLAY BRIAN, THERE'S A LOT OF POSITIVES IN HER REPORT. IS IT POSITIVE ENOUGH FOR YOU? >> THANK YOU, DOM. EVEN THOUGH STREAMING LOOKS LIKE IT MIGHT BE THE FUTURE, THERE ARE OR SEGMENTS OF THE BUSINESS, WITH ALL THOSE CONFLICTING VARIABLES, THIS IS ONE I'M LOOKING TO STAY AWAY FROM, AND WOULD SELL AT THIS POINT FOR ME, AND THE WAY I LOOK AT THAT, WHEN YOU LOOK AT THE OTHER BUSINESS MOD 8S, YOU HAVE WITHIN THEIR BUSINESS, YOU HAVE TELEVISION, MOVIES AND GAMING, AND THESE ARE ALL HIGHLY COMPETITIVE SEGMENTS, AND ALSO JUST THE FACT THAT SPORTS RIGHTS ARE KIND OF UP FOR GRABS, SO TO SPEAK, OR A JUMP BALL, NO PUN INTENDED, WHERE WITH THE NBA BEING THE CROWN JEWEL. SO I'M GOING TO WAIT AND SEE HOW IT PLAYS OUT. >>> ROBLOX, THE SHARES TANKING 20%. STEVE KOVACH BRINGS THE STORE. >> DOWN AS MUCH AS 29% PREMARKET, THAT'S WHAT I SAW IT'S ALL ABOUT THE GUIDANCE. THEY MANAGED TO BEAT ON THE TO AND BOTTOM LINES, BUT GUIDANCE FOR THE CURRENT QUARTER AND FULL YEAR IS PRETTY ROUGH IT SAW A LOT OF WEAKNESS IT TURNS OUT THE PROBLEM IS MORE TECHNICAL THAN ANYTHING ELSE, AT LEAST ACCORDING TO THE COMPANY I CAUSE UP WITH THE CEO ON THESE RESULTS. HE TOLD ME AT THE END OF LAST YEAR, THEY LAUNCHED A BUNCH OF NEW FEATURES WHICH CAUSED A LOT OF HICCUPS ESPECIALLY ON ANDROID DEVICES. HE SAID, WELL, PEOPLE WON'T SPEND AS MUCH TIME AND MONEY ON IT SO SOME THINGS TO WATCH, THE AD BUSINESS, STILLING ROLLING OUT SLOWLY THEY LAUNCHED VIDEO ADS IN THE GAME FOR THE FIRST TIME, AND ONCE EAR TREND BUCKING THE TREND, NO BIG LAYOFFS LIKE WE HAVE SEEN AT OTHER GAMING COMPANIES LIKE SONY, TAKETWO, MICROSOFT, FOR EXAMPLE >> WHAT'S YOUR TRADE ON ROBLOX >> KELLIE, GREAT TO SEE YOU BACK. >> THANK YOU. >> WHAT I'M SEEING IS THERE'S AN AGING DEMOGRAPHIC ISSUE, AND ALSO THE FACT WE SAW LOWER SPENDING FROM CONSUMERS AS WELL IN THE ROBLOX UNIVERSE SO, MOVING FORWARD, AS MUCH AS THEY ARE MAKING SOME CHANGES TO TRY TO INCREASE REVENUE THROUGH ADS AND OTHER INITIATIVES, WHETHER WE THINK ABOUT AN ENVIRONMENT WHERE PEOPLE HAVE MORE CHOICE OF WHERE TO SPEND THEIR TIME AND WHERE TO SPEND THEIR DOLLARS, THAT'S THE CONCERN I HAVE SO THIS IS ANOTHER ONE I WOULD TAKE A STEP BACK FROM. THE LAST THING I WOULD SAY IS, ALSO, THE MARKET HAS SPOKEN. IT'S DOWN ABOUT 80% FROM THERE, SO I THINK FROM A VALUATION AND BUSINESS MODEL PERSPECTIVE, SOME CONCERNS MOVING FORWARD. >> ALL RIGHT THERE'S THE TRADE ON ROBLOX. >>> THE FINAL NAME IN THE HOPPER ARE PLANET FITNESS BRANDON GOMES HAS THE STORY ON THIS ONE WHEN I FIRST DID THE REPORT THIS MORNING, THESE SHARES WERE DECIDEDLY LOWER. IT'S THE TURNAROUND STORY OF THE DAY. THEY WERE DOWN DOUBLE DIGITS THEN FELL ON A -- CUT GUIDANCE FOR THE YEAR, EVEN CRAIG BENSON, AND, YES, COVID CONCERNS WEIGHED ON THE QUARTER SO WHY THE TURNAROUND? DESPITE THOSE WARNINGS, THE COMPANY IS FULL STEAM AHEAD WITH THE HIKE OF BASE-LEVEL, FROM $15 TO $10 THAT'S A BIG DEAL. IT'S THE FIRST HIKE IN BASE RATES SINCE 1998 WORTH NOTING, LIFETIME FITNESS FOCUSED BETTER THAN EXPECTED RESULTS, BUT THEY DO HAVE AN OLDER, MORE AFFLUENT CUSTOMER BASE DOM, SOME OTHER FACTORS TO CONSIDER, THE NEW CEO STARTS JUNE 10th. IT'S STILL LOOKING FOR ITS NEW CFO. IT'S WAITING TO HEAR HOW MUCH OF THE PLANET FITNESS WEAKNESS SO FAR, AND HOW MUCH OF IT IS THE STRATEGY >> THE STORY I HEARD I WAS A PLANET FITNESS MEMBER, PAYING THE $10, NOW IT'S COSTS 50% MORE, RIGHT? >> ACTUALLY, I LIKE THIS STORY WITH PLANET FITNESS. WE SAW GROWTH BOTH IN THE TOP LINE AND BOTTOM LINE THEY'RE STILL HOLDING TO AN OUTLOOK OF EXPANDING LOCATIONS THROUGH THE BALANCE OF THE YEAR. IN THE SHORT TERM, THERE WAS SOME CONCERN THAT ADVERTISIN THAT THEY THOUGHT WOULD GENERATE MORE GROWTH REALLY DIDN'T HOLD, AND CAPTURED CONSUMER ATTENTION, PRIMARILY DUE TO PRICE BECAUSE THEY ARE MORE OF A COST OR VALUE FOCUSED GYM MEMBERSHIP, AS COMPARED TO OTHERS IN THE SEGMENT, I THINK THERE'S DURABILITY AND RESILIENCE AROUND THAT IF WE DO SEE A SLOWING SERVICES PART OF THE ECONOMY, I THINK PLANET FITNESS HAS A PLACE TO PLAY, DOM.
