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Roblox (RBLX 3.18%) is a global digital platform with over 70 million daily active users as of the company's 2023 third quarter. This large (and growing) user base logged 16 billion hours on the platform during the quarter (with my own kids contributing to the cause).In its annual report, Roblox says that it operates a "free to play human co-experience platform." I don't think the company is trying to be cute with this description, but rather it's trying to capture some nuances in the changing video game wo ...

Roblox Corp (NYSE: RBLX) is trading up in premarket on Wednesday after reporting strong results for its fiscal fourth quarter.How many users does Roblox now have?Copy link to sectionInvestors are cheering also because the California-based company ended Q4 with 71.5 million DAUs – up 22% versus the same quarter last year. Hours engaged increased 21% year-on-year as well to 51 billion. David Baszucki – the chief executive of Roblox Corp said in a press release today: We enter 2024 with even more conviction of ...

David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022.Roblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines.Here's how the company did:Losses per share: 52 cents vs. 55 cents expected by analysts, according to LSEG, formerly Refinitiv.Revenue (bookings): $1.13 billion vs. $1.08 billion expected, according ...

Roblox (RBLX 2.53%) investors had a volatile 2023, with share prices rising and falling by over 30% on several occasions. The digital entertainment platform provider ended the year on an upbeat note, though, logging 61% annual gains compared to a 24% rally in the wider market.The flip side of this volatility is that Roblox stock can sometimes be available at an attractive discount. That could be the case today given the stock's 15% drop since the start of 2024. Let's look at some reasons to like Roblox shar ...

The metaverse is coming back, creating a long list of hot metaverse stocks to buy.Look at Meta Platforms’ (NASDAQ:META) Reality Labs, for example. While it saw a massive loss of $4.6 billion in its recent quarter, revenue stood at $1 billion. A year earlier, the Labs’ revenue was $727 million. “We’ve invested heavily in both AI and the metaverse and will continue to do so,” CEO Mark Zuckerberg added.Despite the metaverse’s dismal history, it could be worth about $936 billion by 2030, according to Grand View ...

The market expects Roblox (RBLX) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key numbers are be ...

Investors are about to learn a lot more about Roblox's (RBLX -2.20%) momentum heading into 2024. The online gaming platform is due to report its fourth-quarter results on Feb. 7 in an announcement that will also feature management's official outlook for the new year, a first for the company.The stock has been volatile recently. Roblox shares are 69% below the all-time high they set when the pandemic was fueling fantastic growth for the company, but they surged 85% in the last two months of 2023 before givin ...

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Roblox launched its Creator Store, a new digital store for creators that replaces the previous Creator Marketplace.The user-generated content platform said the goal of the Creator Store is to foster an ecosystem where creators can safely exchange high-quality assets and solutions including models, plugins, meshes, images, fonts, audio, and video that accelerate creation on Roblox.Rob ...

Roblox (RBLX) ended the recent trading session at $40.78, demonstrating a +0.74% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq increased by 0.43%.Shares of the online gaming platform have depreciated by 11.94% over the course of the past month, underperforming the Consumer Discretionary sector's loss of 0.69% and the S&P 500's gain of 2.08%.The investment community w ...