Roblox (RBLX) surges as Q3 earnings top consensus expectations
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Roblox beats bookings estimates on higher in-game spending, shares jump
November 8, 2023 8:07 AM ESTBy Harshita Mary Varghese
(Reuters) -Roblox beat quarterly bookings estimates as in-game spending jumped and summer break drove more users to its online gaming platform for titles including "Adopt Me!" and "Murder Mystery 2", sending its shares over 17% higher on Wednesday.
The results are the latest sign that spending was holding up well on videogames in an uncertain economy, after Electronic Arts raised its annual forecast last week.
Roblox said average daily active users... More
Roblox (RBLX) Tops Q3 EPS by 4c
November 8, 2023 8:01 AM ESTRoblox (NYSE: RBLX) reported Q3 EPS of ($0.45), $0.04 better than the analyst estimate of ($0.49). Bookings for the quarter came in at $839.5 million versus the consensus estimate of $829.86 million.
Revenue was $713.2 million, up 38% year-over-year.Bookings were $839.5 million, up 20% year-over-year.For earnings history and earnings-related data on Roblox (RBLX) click here.
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