• Latest
  • Trending
Roblox stock

Roblox shares close up more than 40% after a solid earnings report.

Arnold Schwarzenegger: From Bodybuilding to Hollywood to Politics

Arnold Schwarzenegger: From Bodybuilding to Hollywood to Politics

From Homeless to Hollywood: The Incredible Rise of Sylvester Stallone

From Homeless to Hollywood: The Incredible Rise of Sylvester Stallone

Unveiling the Secrets ofthe Griffin: A Fascinating Look at this Mythical Beast

Unveiling the Secrets ofthe Griffin: A Fascinating Look at this Mythical Beast

The Life and Career of Stanley Tucci: A Versatile Actor and Filmmaker

The Life and Career of Stanley Tucci: A Versatile Actor and Filmmaker

Unraveling the Mysteries of Mammoths: A Journey Through Time

Unraveling the Mysteries of Mammoths: A Journey Through Time

Unicorns

The Mystical World of Unicorns: A Deep Dive into Their History and Symbolism

Shou Zi

Shou Zi Chew: The Rising Leader in the Tech Business World and His Amazing Achievements

  • My account
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
New 24 Hour
  • news
  • Cinema news
  • cryptocurrency news
  • Biography
  • Dead Actors
  • Entertainment
  • Sport
    • Tiger Woods
    • Detroit tigers
  • more..
    • government
    • Story
    • Gaming
    • Movies reviews
    • New 24 hour
    • Economy
    • Politics
    • education
    • nature
    • Arts
    • fashion
    • education
    • History
    • cooking
    • Health
    • weather
No Result
View All Result
  • news
  • Cinema news
  • cryptocurrency news
  • Biography
  • Dead Actors
  • Entertainment
  • Sport
    • Tiger Woods
    • Detroit tigers
  • more..
    • government
    • Story
    • Gaming
    • Movies reviews
    • New 24 hour
    • Economy
    • Politics
    • education
    • nature
    • Arts
    • fashion
    • education
    • History
    • cooking
    • Health
    • weather
No Result
View All Result
New 24 Hour
No Result
View All Result

Roblox shares close up more than 40% after a solid earnings report.

Roblox stock

Roblox shares close up more than 40% after a solid earnings report.

IMPORTANT NOTES

 

  • Roblox’s stock jumped 42.2 percent on Tuesday.
  • After the bell on Monday, the business disclosed third-quarter financial results that were better than anticipated.

 

Roblox stock rose 42.2 percent on Tuesday, a day after the video game firm posted solid third-quarter earnings.

 

Investors seem to be thrilled with the company’s good October results, rather than the complete third quarter ended Sept. 30, since they may foreshadow what’s to come in the fourth quarter.

 

“Historically, October has been the lowest month of the fourth quarter, giving more confidence around our fourth-quarter expectations,” Stifel analysts said in a report Monday.

 

During the first 27 days of October, Roblox reported a 43 percent growth in average daily active users year over year. During that time, the firm also claimed high levels of engagement. However, the game was unavailable between October 28 and October 31.

RELATED: GE stock rises to a five-month high as the company’s plan to split into three entities raises chances of a breakout.

Nonetheless, Roblox outperformed Wall Street in terms of sales or bookings.

 

Roblox reported $637.8 million in bookings, a 28 percent increase year over year, compared to a projected $636.5 million. Revenue excluding deferred revenue was $509.3 million, a 102 percent increase year on year.

 

In the third quarter, Roblox had more than 47.3 million average daily active users, up 31 percent year over year and up from 43.2 million in the second quarter.

 

“It’s evident that even when users return to pre-pandemic patterns and behaviors, Roblox remains a vital part of their day,” executives stated in a shareholder letter.

Also, see source:

Roblox shares close up more than 40% after strong earnings report

Related

Share186Tweet117SharePin42ShareShare33

Related Posts

Arnold Schwarzenegger: From Bodybuilding to Hollywood to Politics
Biography

Arnold Schwarzenegger: From Bodybuilding to Hollywood to Politics

Unveiling the Secrets ofthe Griffin: A Fascinating Look at this Mythical Beast
Entertainment

Unveiling the Secrets ofthe Griffin: A Fascinating Look at this Mythical Beast

The Life and Career of Stanley Tucci: A Versatile Actor and Filmmaker
Biography

The Life and Career of Stanley Tucci: A Versatile Actor and Filmmaker

Unraveling the Mysteries of Mammoths: A Journey Through Time
History

Unraveling the Mysteries of Mammoths: A Journey Through Time

Load More
New 24 Hour

© 2018 new 24 hour

Navigate Site

  • My account
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

Follow Us

No Result
View All Result
  • news
  • Cinema news
  • Sport
  • cryptocurrency news
  • Entertainment
  • Biography
  • Economy
  • History
  • weather
  • Arts
  • Story
  • fashion
  • education
  • nature
  • weather
  • Arts
  • Gaming
  • government
  • cooking

© 2018 new 24 hour

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.