Shares of online gaming platform Roblox Corporation (NYSE: RBLX) tumbled 21% through 10:35 a.m. ET Thursday despite beating on both sales and earnings this morning. Heading into the Q1 2024 report, analysts had forecast Roblox would lose $0.53 per share on $923 million in quarterly bookings. (A proxy for revenue, Roblox’s bookings consist of sales […]
Dow Jones futures and the other major stock indexes dropped Thursday after a big jump in the Labor Department’s weekly initial unemployment claims. Meanwhile, artificial intelligence chip maker Arm Holdings (ARM), Airbnb (ABNB) and Roblox (RBLX) plunged after reporting earnings on the stock market today. X In premarket action, Dow Jones futures dropped 0.2% vs. […]
Youth-centric video game platform Roblox (RBLX) on Thursday beat estimates for the first quarter but guided below views for the current quarter and full year. Roblox stock plummeted on the news. X The San Mateo, Calif.-based company lost 43 cents a share on bookings of $923.8 million in the March quarter. Analysts polled by FactSet […]
By Zaheer Kachwala (Reuters) – Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The company’s shares fell over 25% in premarket trading. The lowered forecast marks the latest downbeat report from […]
By Zaheer Kachwala May 9 (Reuters) – Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off […]
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Youth-centric video game platform Roblox (RBLX) on Wednesday beat analyst estimates for the fourth quarter and guided higher than views for the current quarter and full year ahead. Roblox stock jumped in early trading. X The San Mateo, Calif.-based company lost 52 cents a share on bookings of $1.13 billion in the December quarter. Analysts […]
By Harshita Mary Varghese Feb 7 (Reuters) – Gaming platform Roblox forecast annual bookings above estimates on Wednesday after it crossed $1 billion in quarterly bookings for the first time on higher in-game spending during the holiday season. In a positive sign for the gaming industry, the global video game market is anticipated to grow […]
An unconfirmed post circulating on Facebook and Instagram has many parents worried about their children playing on Roblox. Roblox, a platform that allows players to participate in user-generated games, is enormously popular among the Gen Z demographic (which Roblox currently defines as being age 14 to 26), with an estimated 43.2 million daily active users. […]