Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessRoblox Shares Jump 20 percent as Company Raises Full-Year Bookings Guidance

Roblox Shares Jump 20 percent as Company Raises Full-Year Bookings Guidance

Add to Favorite
Added to Favorite


Roblox (NYSE:RBLX) saw its shares surge around 20% intra-day today after the company lifted its full-year bookings guidance, signaling strong demand despite recent challenges.
The gaming platform now expects fiscal 2024 bookings between $4.34 billion and $4.37 billion, up from its previous forecast of $4.18 billion to $4.23 billion and surpassing the consensus estimate of $4.22 billion. This guidance boost came as Roblox reported strong third-quarter results, with bookings reaching $1.13 billion, well above the expected $1.02 billion.
Despite recent controversies, including Turkey’s August ban over child safety concerns and allegations from Hindenburg Research questioning user metrics and safety practices, Roblox continued to perform well. The company’s daily active users jumped 27% year-over-year to 88.9 million, marking its largest spike in nearly two years. Roblox has also been actively expanding its offerings to appeal to older audiences, aiming to broaden its user base and boost engagement.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Walmart deep discounts on Black Friday start early, web fans thrilled, CWEB reports

Walmart (WMT), the nation’s largest retailer, offers deep discounts...

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...