Roblox (RBLX) stock jumps as earnings boosted by strong network effects
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Go back to Roblox (RBLX) stock jumps as earnings boosted by strong network effects
February 8, 2024 6:58 AM EST
Roth/MKM analyst Eric Handler raised the price target on Roblox Corp. (NYSE: RBLX) to $55.00 (from $50.00) while maintaining a Buy rating.
The analyst comments "Hitting on all cylinders. Roblox is benefiting from an aging audience and an expanding and maturing international user... More
February 7, 2024 8:07 AM EST
By Harshita Mary Varghese
(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 purchases during the holiday season, sending its shares up about 7%.
In a positive sign for the gaming industry, the global video game market is anticipated to grow 2.8% this year, as it expects robust sales of Microsoft's Xbox and Sony's PlayStation 5 consoles, according to research firm NewZoo.
Roblox... More
February 7, 2024 8:01 AM EST
Roblox (NYSE: RBLX) reported Q4 EPS of ($0.52), $0.03 better than the analyst estimate of ($0.55). Bookings for the quarter came in at $1.13 billion versus the consensus estimate of $1.07 billion.
Forward Looking Guidance:
Roblox provides its initial full year and first quarter 2024 GAAP and non-GAAP guidance:
Full Year 2024 GuidanceRevenue between $3,300 million and $3,400 million.Bookings between $4,140 million and $4,280 million.Consolidated net loss...
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February 5, 2024 12:42 PM EST
Roblox (NYSE: RBLX) announced automatic chat translations which will give users worldwide the ability to easily communicate with each other, regardless of what language they speak. Built on Robloxs proprietary artificial intelligence technology, the real-time chat translations power instantaneous translation of text chat messages among users in the 16 languages that Roblox currently supports.
Starting today, users across the globe are able to start chatting with other community members in their preferred language. For example, a user in Korea can type a chat message in Korean, and an English-speaking user... More
