Roblox bookings beat as gaming boom persists, shares surge
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Roblox (RBLX) Stock Explodes 26% as Booking Surged 28% in Q3, October Commentary Points Towards Robust Q4, Analysts Bulled-up
November 9, 2021 7:21 AM ESTRoblox (NYSE: RBLX) stock is up over 26% in pre-open Tuesday after the company reported better-than-expected Q3 results.
RBLX reported Q3 EPS of ($0.13), $0.01 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $509 million, to mark an increase of over 100% compared to the last year.
The company said bookings increased 28% YoY to $637.8 million, while average daily active users (DAUs) soared 31% to 47.3 million.
Engagement is our north star. Were very pleased that during the third quarter, people of all ages from across the globe chose to spend over 11 billion hours on... More
