Roblox shares plunged 11.1% after the gaming platform fell short of Wall Street's bookings and daily active user estimates. The stock posted its worst day since May 2024. Roblox reported bookings of ...
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Why Roblox Stock Sank Today
On a net-income basis, Roblox is still losing considerable money. In Q3, the company had a net loss of $257 million, which was worse than its net loss of $240 million in the same quarter of last year.
On Thursday, Roblox Holdings Inc. raised its annual bookings guidance and announced it now exceeds 100 million average daily users, crediting viral hits like “Grow a Garden” for the boost. This ...
Roblox on Thursday raised its annual bookings forecast for the third time on the back of strong in-game spending on viral ...
The number of daily active users is growing at a rapid pace. A recent lawsuit and slowing bookings growth may have cast doubts on the stock. Its current condition and a high valuation could deter ...
Roblox founder and CEO David Baszucki aspires to see "10% of all gaming revenue" flow through the Roblox ecosystem and is on a mission to grow the platform’s daily active users from 79.5 million to ...
Roblox shares dropped as much as 20% on Thursday after the gaming company reported disappointing fourth quarter results in bookings and daily active-user figures, creating fear that the growth in the ...
Roblox shares plunged 11.1% after the gaming platform fell short of Wall Street's bookings and daily active user estimates. Stream San Diego News for free, 24/7, wherever you are with NBC 7. The stock ...
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