RADNOR, Pa., Aug. 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Roblox Corporation ("Roblox") (NYSE: RBLX). The action charges Roblox with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a res ...

I 0.54 I H Class I 1 t 0 I i 11.5 Box F 1 C F H 1 1912 H H 1 1 Michael Vi Roblox (NYSE:RBLX) reported earnings for the June-quarter on August 1st and delivered an exceptionally strong set of results, easily beating analyst consensus estimates on bookings (up 22% YoY). In addition, the company gave a better than expected outlook for Q3 and raised the projection on bookings for FY 2024 to $4.18 - $4.23 billion. Still, despite the strong results, shares were down the day of the reporting. However, I view the s ...

Core Viewpoint - A lawsuit has been filed against Roblox Corp. on behalf of investors who purchased securities between November 15, 2023, and May 8, 2024, alleging that the company misrepresented its revenue outlook and growth potential [1][3]. Summary by Sections Lawsuit Details - The lawsuit claims that Roblox's management created a false impression regarding the company's revenue projections and bookings growth, attributing this to platform expansion and technological advancements [3]. - Investors who acquired Roblox securities during the specified Class Period can seek to be appointed as lead plaintiff representatives by August 12, 2024 [2]. Financial Performance - On May 8, 2024, Roblox revised its fiscal year 2024 bookings guidance to a range of $4.0 billion to $4.14 billion and total revenue to between $3.30 billion and $3.40 billion [4]. - Following this announcement, Roblox's stock price dropped by $8.67, a decline of over 22%, from $39.09 per share on May 8, 2024, to $30.42 per share on May 9, 2024 [4].

SAN DIEGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Roblox Corp. (NYSE: RBLX) securities between November 15, 2023 and May 8, 2024, inclusive (the "Class Period"), have until this upcoming Monday, August 12, 2024 to seek appointment as lead plaintiff of the Roblox class action lawsuit. Captioned Li v. Roblox Corp., No. 24-cv03484 (N.D. Cal.), the Roblox class action lawsuit charges Roblox and certain of Roblox's top executiv ...

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Roblox Corporation (NYSE: RBLX). Shareholders who purchased shares of RBLX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/roblox-loss-submission-form/?id=94048&from=3 CLASS PERIOD: November 15, 2023 to M ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Roblox Corporation (NYSE: RBLX) between November 15, 2023 and May 8, 2024, both dates inclusive (the "Class Period"), of the important August 12, 2024 lead plaintiff deadline. SO WHAT: If you purchased Roblox securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT T ...

SAN DIEGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Roblox Corp. (NYSE: RBLX) securities between November 15, 2023 and May 8, 2024, inclusive (the "Class Period"), have until Monday, August 12, 2024 to seek appointment as lead plaintiff of the Roblox class action lawsuit. Captioned Li v. Roblox Corp., No. 24-cv-03484 (N.D. Cal.), the Roblox class action lawsuit charges Roblox and certain of Roblox's top executives with viola ...

RADNOR, Pa., Aug. 4, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Roblox Corporation ("Roblox") (NYSE: RBLX). The action charges Roblox with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Roblox's materially misleading statements and omissions to the public, Roblox's ...

Roblox (RBLX) reported $955.18 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 22.4%. EPS of -$0.32 for the same period compares to -$0.46 a year ago. The reported revenue represents a surprise of +6.51% over the Zacks Consensus Estimate of $896.77 million. With the consensus EPS estimate being -$0.37, the EPS surprise was +13.51%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Roblox (RBLX) reported second-quarter 2024 loss of 32 cents per share, narrower than the Zacks Consensus Estimate of a loss of 37 cents. The company had incurred a loss of 46 cents per share in the year-ago quarter. Net revenues increased 22.3% year over year to $955.18 million. The Zacks Consensus Estimate for revenues was pegged at $897 million. Net bookings jumped 22% year over year to $955.2 million, which increased from $780.7 million reported in the year-ago quarter. The figure beat the Zacks Consensu ...