• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Roblox shares up more than 40% after strong earnings report

by
November 9, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Jim Rogers warns of the ‘worst bear market’ in his lifetime – these are the 2 ‘least dangerous’ assets to own today

GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain

Russian shelling hits chemical plant where civilians are trapped, says Ukraine

‘I’m outraged:’ Women react to Roe v. Wade ruling outside of Supreme Court

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.

NYSE

Shares of Roblox continued to rocket Tuesday, a day after the video game company reported strong third-quarter financial results.

The company’s stock was up more than 40% around 3:45 p.m. ET.

Investors seem impressed with the company’s strong October results, rather than the full third quarter ended Sept. 30, as it could indicate what’s ahead for the fourth quarter.

“Historically, October has been the smallest month of 4Q, providing further confidence around our 4Q assumptions,” Stifel analysts wrote in a note Monday.

Roblox said average daily active users increased 43% year over year during the first 27 days of October. The company also reported strong engagement during that period. The game was offline between Oct. 28 and Oct. 31, however.

Still, Roblox beat Wall Street expectations when it came to revenue, or bookings.

Roblox reported bookings of $637.8 million, up 28% year over year, compared wit an estimated $636.5 million. Revenue excluding deferred revenue came in at $509.3 million, up 102% year over year.

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

“It’s clear that even as users revert back to pre-pandemic routines and behaviors, Roblox remains an important part of their day,” executives wrote in a letter to shareholders.

— CNBC’s Jordan Novet and Michael Bloom contributed to this report.

Subscribe to CNBC on YouTube.

Next Post

November 9th COVID-19: 16 Days till Thanksgiving and New Cases Stuck at 70,000+ per Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Jim Rogers warns of the ‘worst bear market’ in his lifetime – these are the 2 ‘least dangerous’ assets to own today

by
June 25, 2022
0

Bloomberg Brace for the Most Expensive, Manic Minutes of the Trading Year (Bloomberg) -- In 1991, Nobel laureate William Sharpe...

Read more

Jim Rogers warns of the ‘worst bear market’ in his lifetime – these are the 2 ‘least dangerous’ assets to own today

GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain

‘I’m outraged:’ Women react to Roe v. Wade ruling outside of Supreme Court

Russian shelling hits chemical plant where civilians are trapped, says Ukraine

El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances

Schedule for Week of June 26, 2022

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.