RBLX stock is up and is trading at $40.55 as of 09:47 AM EDT.
After the owner of an online gaming platform reported robust usage growth in September that included increases in bookings and average daily users, Roblox ( NYSE:RBLX ) shares soared as much as 13% in pre-market trade on Monday.
Roblox earnings
Roblox ( NYSE:RBLX ) reported that bookings, a crucial indicator of the company’s financial health, were between $212 million and $219 million, up 11% to 15% from the same time last year. The company reported that the strength of the U.S. dollar and foreign currency exchange rates decreased bookings by 6% in September.
DAUs increased by 23% between September 2021 and September 2022, reaching 57.8 million people. Additionally, Roblox (RBLX) recorded 4 billion “hours engaged” for the month, an increase of 23% from the previous year.
The entire third-quarter earnings report from Roblox ( NYSE:RBLX ) has not yet been scheduled, although it is expected to be released in mid-November.
BTIG analyst Clark Lampen last week said he was still optimistic about the company’s long-term business prospects after modestly lowering his third-quarter bookings projections for Roblox ( NYSE:RBLX ) to $680 million from $685 million.
Roblox ( NYSE:RBLX ) has a consensus buy rating from Wall Street analysts right now, while the authors of Seeking Alpha have given ...
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