Roblox(RBLX)

Search documents
Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term.
The Motley Fool· 2024-12-14 12:30
These three technology stocks are well-positioned to grow your portfolio over years and even decades.Technology not only helps to improve our lives but also provides us with easier access to our loved ones. The digitization wave has prompted individuals and corporations to embrace cloud computing, while the emergence of generative artificial intelligence (AI) has seen an explosion in new uses.With technology permeating nearly every aspect of our lives, it makes sense to look for tech stocks to invest in bec ...
Trading Near Its 52-Week High, Can Roblox Stock Still Soar Higher?
The Motley Fool· 2024-12-14 08:06
Core Viewpoint - Roblox has experienced significant growth in its gaming platform, particularly among young children, but it faces challenges related to profitability and online safety measures [1][2][5]. Group 1: Business Performance - Roblox's bookings grew by 34% to $1.1 billion in the most recent quarter, indicating strong demand for its virtual currency, Robux [6]. - Despite the growth, the company reported a net loss of $239 million for the quarter, showing only a modest improvement from a $277 million loss a year earlier [7]. - The company is generating positive operating cash flow of $247 million, but this is heavily influenced by stock-based compensation totaling $265 million [8]. Group 2: Online Safety and Regulatory Concerns - Online safety is a critical issue for Roblox, especially given its young user base, which could deter advertisers if not adequately addressed [2]. - In response to safety concerns raised by Hindenburg Research, Roblox has announced enhanced measures to give parents more control over content access, including disabling direct messaging for children under 13 by default [3][4]. Group 3: Market Sentiment and Future Outlook - There is a growing appetite for growth stocks like Roblox, particularly with potential interest rate cuts on the horizon, which may support further stock rallies [9]. - While Roblox has opportunities to expand its revenue by reaching a broader audience and improving safety, it must significantly scale operations to achieve profitability [10]. - The stock's recent rally does not eliminate the risks associated with the business, and if investor sentiment shifts, valuations could decline quickly [11].
American Egg Board Debuts “Tower of Eggs” Activation in Roblox, Featuring Obstacle Gameplay and Recipe Challenges
GlobeNewswire News Room· 2024-12-12 09:58
Core Insights - The American Egg Board (AEB) has launched a unique gaming activation called "Tower of Eggs" in Roblox, aimed at engaging gamers with egg recipes and gameplay [1][5] - This initiative is part of AEB's "Meant to be Broken" campaign, targeting Millennial and Gen Z consumers who are avid gamers [3][4] Group 1: Gaming Activation Details - The "Tower of Eggs" pop-up features a four-level obstacle course where players can create recipes like Sausage, Egg and Cheese Roll-Ups and Ramen Carbonara [2] - Players can earn egg-inspired accessories for their Roblox avatars as rewards for completing challenges [2] - The activation will be featured in popular Roblox games from December 10, 2024, to February 5, 2025, including "Color or Die" and "Ultimate Easy Obby" [3] Group 2: Marketing Strategy - AEB's strategy involves leveraging the gaming culture to create immersive experiences that resonate with younger audiences [6] - The partnership with Talmont and Super League aims to reach millions of players and enhance brand engagement through creative content [5][6] - The initiative is seen as a significant shift in marketing, connecting traditional food products with modern gaming platforms [6] Group 3: Community Engagement - The activation features Sunny Choi, a notable figure in sports, as a non-playable character to guide players and promote egg-related messages [4] - Players can explore recipes and meal inspirations through the AEB's website and social media platforms [6]
Roblox starts offering 25% more game currency for web purchases
TechCrunch· 2024-11-27 04:11
Core Viewpoint - Roblox is incentivizing users to purchase game currency Robux through web and gift cards by offering an additional 25% compared to mobile platforms, aiming to circumvent Apple and Google's in-app purchase fees [1][2]. Group 1: Company Actions - Roblox has confirmed the long-term change to provide up to 25% more Robux for purchases made via web, computer, or gift cards, as a strategy to enhance value for users and creators while managing costs [2]. - The move is not a temporary holiday offer but a permanent adjustment to their pricing strategy [2]. Group 2: Industry Context - Epic Games' CEO Tim Sweeney praised Roblox's decision, viewing it as a significant step against the "Apple tax" and advocating for web-based payments to allow apps to pass on savings [3]. - The Digital Markets Act (DMA) in Europe is prompting companies to explore alternative app stores, with startups like Appcharge raising funds to help game publishers create value outside of Apple and Google ecosystems [4].
Roblox: Listen To The Market
Seeking Alpha· 2024-11-19 21:44
Roblox (NYSE: RBLX ) has had a tough few years, stuck at lower highs while the broader market ( SPY ) trended higher. However, things are finally looking better, and this article looks at why RBLX could be a buy as itMy approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am a freelance wri ...
Roblox bolsters child safety measures after abuse reports
TechXplore· 2024-11-18 17:50
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Gaming platform Roblox announced major safety upgrades Monday, introducing remote parental controls and restricting communication features for users under 13. Roblox is a popular online gaming and creation platform founded in 2004 that allows users to play, create, and share virtual experienc ...
Roblox to Add Age Restrictions for Social Hangouts and Unrated Experiences
CNET· 2024-11-07 22:24
Child Safety Updates - Roblox is limiting access to more interactive spaces and unrated games for users under 13 years old, restricting social hangout elements, vibe games, clubs, and free-form creation tools [1][2] - Starting November 18, gamers under 13 will not be able to access these interactive features, though roleplaying games and real-life simulations remain accessible [2] - The company is also changing its default settings to prevent users under 13 from accessing unrated games, requiring developers to complete a questionnaire by December 3 to make their games accessible to preteens [3] Background and Context - The updates come amid increased scrutiny over Roblox's child protection measures, with investigations revealing cases of predators targeting children and a lawsuit alleging illegal gambling on the platform [4] - Over 40% of Roblox's 78 million users are preteens, making child safety a critical issue for the platform [4] - In October, the company introduced parental controls, allowing parents to limit access to certain chats and games based on their child's age [5]
Roblox (RBLX) Recently Broke Out Above the 50-Day Moving Average
ZACKS· 2024-11-01 14:30
Technical Analysis - Roblox (RBLX) has reached an important support level and surpassed resistance at the 50-day moving average, indicating a potential short-term bullish trend [1] - The 50-day simple moving average is a key technical indicator that helps identify support or resistance levels for securities [1] Performance Metrics - Over the past four weeks, RBLX has gained 22.6% [2] - The company currently holds a Zacks Rank 2 (Buy), suggesting further upward movement for the stock [2] Earnings Estimates - There have been positive earnings estimate revisions for RBLX, with no estimates decreasing in the past two months and five estimates increasing [2] - The consensus estimate for RBLX has also seen an increase, reinforcing the bullish outlook [2] Investment Outlook - The combination of positive earnings estimate revisions and the stock hitting a key technical level suggests that investors should monitor RBLX for potential gains in the near future [3]
Roblox(RBLX) - 2024 Q3 - Quarterly Results
2024-10-31 12:04
[Third Quarter 2024 Performance Overview](index=1&type=section&id=Third%20Quarter%202024%20Performance%20Overview) This section reviews Roblox's Q3 2024 financial, operational, and liquidity performance, including management commentary [Key Financial Highlights](index=1&type=section&id=1.1.%20Key%20Financial%20Highlights) Roblox reported strong financial growth in Q3 2024, with significant year-over-year increases in revenue, bookings, and free cash flow, while still incurring a net loss | Metric | Q3 2024 (Millions) | YoY Change | | :-------------------------------- | :----------------- | :--------- | | Revenue | $919.0 | +29% | | Bookings | $1,128.5 | +34% | | Net loss attributable to common stockholders | $(239.3) | - | | Consolidated net loss | $(240.4) | - | | Adjusted EBITDA | $55.0 | - | | Net cash from operating activities | $247.4 | +120% | | Free cash flow | $218.0 | +266% | [Key Operational Highlights](index=1&type=section&id=1.2.%20Key%20Operational%20Highlights) The platform experienced record user engagement and growth in its active user base and payer community during Q3 2024 | Metric | Q3 2024 | YoY Change | | :-------------------------------- | :-------- | :--------- | | Average Daily Active Users (DAUs) | 88.9 million | +27% | | Average monthly unique payers | 19.1 million | +30% | | Hours engaged | 20.7 billion | +29% | | Average bookings per DAU | $12.70 | +6% | | Average bookings per monthly unique payer | $19.70 | - | [Key Liquidity Highlights](index=1&type=section&id=1.3.%20Key%20Liquidity%20Highlights) Roblox maintained a strong liquidity position at the end of Q3 2024, with substantial cash and investments | Metric | Q3 2024 (Billions) | | :---------------------------------------------------------------- | :----------------- | | Cash and cash equivalents, short-term investments, and long-term investments | $3.9 | | Net liquidity | $2.9 | [Management Commentary](index=1&type=section&id=1.4.%20Management%20Commentary) Management expressed satisfaction with Q3 results, attributing success to platform strength and growth strategies, and highlighted commitment to empowering creators, fostering social connections, and expanding global reach - CEO David Baszucki emphasized the strength of the platform and effectiveness of growth strategies, highlighting progress in empowering creators, fostering social connections, and expanding global reach. He reiterated commitment to building the world's largest social platform for play, focusing on innovation and safety[3](index=3&type=chunk) - CFO Michael Guthrie noted that key financial and operating metrics in Q3 2024 grew at high rates and exceeded previous guidance, with significant year-over-year growth in revenue (**29%**), bookings (**34%**), DAUs (**27%**), and Hours engaged (**29%**)[4](index=4&type=chunk) [Forward-Looking Guidance](index=2&type=section&id=Forward-Looking%20Guidance) This section provides Roblox's financial outlook and operational projections for the upcoming quarter and the full fiscal year 2024 [Fourth Quarter 2024 Guidance](index=2&type=section&id=2.1.%20Fourth%20Quarter%202024%20Guidance) Roblox provided guidance for Q4 2024, projecting continued growth in revenue and bookings, alongside an anticipated net loss and positive free cash flow | Metric | Q4 2024 Guidance (Millions) | | :------------------------------------------ | :-------------------------- | | Revenue | $935 - $960 | | Bookings | $1,336 - $1,361 | | Consolidated net loss | $(303) - $(283) | | Adjusted EBITDA | $10 - $30 | | Net cash from operating activities | $170 - $185 | | Capital expenditures and purchases of intangible assets | $(70) | | Free cash flow | $100 - $115 | [Updated Full Year 2024 Guidance](index=2&type=section&id=2.2.%20Updated%20Full%20Year%202024%20Guidance) The company updated its full-year 2024 guidance, forecasting substantial bookings and revenue, while expecting a consolidated net loss and healthy free cash flow | Metric | Full Year 2024 Guidance (Millions) | | :------------------------------------------ | :--------------------------------- | | Revenue | $3,549 - $3,574 | | Bookings | $4,343 - $4,368 | | Consolidated net loss | $(1,023) - $(1,003) | | Adjusted EBITDA | $125 - $145 | | Net cash from operating activities | $808 - $823 | | Capital expenditures and purchases of intangible assets | $(187) | | Free cash flow | $621 - $636 | [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents Roblox's key financial statements, including balance sheets, statements of operations, and cash flows, for the reported periods [Condensed Consolidated Balance Sheets](index=4&type=section&id=3.1.%20Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2024, Roblox reported an increase in total assets, driven by long-term investments, while total liabilities also grew, primarily due to deferred revenue | Balance Sheet Item (in thousands) | Sep 30, 2024 | Dec 31, 2023 | | :-------------------------------- | :----------- | :----------- | | Total Assets | $6,687,962 | $6,168,078 | | Total Liabilities | $6,509,504 | $6,099,452 | | Cash and cash equivalents | $602,631 | $678,466 | | Short-term investments | $1,720,323 | $1,514,808 | | Long-term investments | $1,558,846 | $1,043,399 | | Deferred revenue—current portion | $2,792,396 | $2,406,292 | | Deferred revenue—net of current portion | $1,397,803 | $1,373,250 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=3.2.%20Condensed%20Consolidated%20Statements%20of%20Operations) For Q3 2024, Roblox saw substantial revenue growth but continued to report a consolidated net loss, albeit a smaller one compared to the prior year, with increased operating expenses | Income Statement Item (in thousands) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :----------------------------------- | :------------------------------ | :------------------------------ | | Revenue | $918,953 | $713,225 | | Total cost and expenses | $1,197,881 | $1,013,263 | | Loss from operations | $(278,928) | $(300,038) | | Consolidated net loss | $(240,447) | $(278,808) | | Net loss attributable to common stockholders | $(239,324) | $(277,158) | | Net loss per share (basic and diluted) | $(0.37) | $(0.45) | - Effective April 1, 2024, the estimated average lifetime of a payer was changed from 28 months to 27 months. This change increased revenue by **$26.4 million** and cost of revenue by **$5.4 million** for the three months ended September 30, 2024. For the full fiscal year 2024, this change is expected to increase revenue by **$98.0 million** and cost of revenue by **$20.4 million**[17](index=17&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=3.3.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Roblox significantly increased net cash provided by operating activities in Q3 2024, despite a net loss, while investing activities resulted in a net cash outflow, primarily due to purchases of investments | Cash Flow Item (in thousands) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :------------------------------------------ | :------------------------------ | :------------------------------ | | Net cash from operating activities | $247,430 | $112,704 | | Net cash used in investing activities | $(633,653) | $(68,719) | | Net cash from financing activities | $19,949 | $16,209 | | Net increase/(decrease) in cash and cash equivalents | $(363,775) | $59,785 | | Cash and cash equivalents, end of period | $602,631 | $580,049 | [Non-GAAP Financial Measures and Reconciliations](index=7&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section defines and reconciles Roblox's non-GAAP financial measures, including bookings, Adjusted EBITDA, and free cash flow, to their GAAP equivalents [Non-GAAP Definitions and Purpose](index=7&type=section&id=4.1.%20Non-GAAP%20Definitions%20and%20Purpose) Roblox utilizes non-GAAP financial measures like bookings, Adjusted EBITDA, and free cash flow to provide additional insights into its operational performance and liquidity, believing these metrics offer a more timely and comparable view of business trends - Bookings are defined as revenue plus the change in deferred revenue and other non-cash adjustments, primarily reflecting sales of virtual currency. This measure provides a timelier indication of operating trends than GAAP revenue, which is recognized over the estimated average lifetime of a paying user[20](index=20&type=chunk) - Adjusted EBITDA represents GAAP consolidated net loss, excluding interest income/expense, other income/expense, income taxes, depreciation and amortization, stock-based compensation, and certain nonrecurring adjustments. It is used to understand ongoing operations and trends[20](index=20&type=chunk) - Free cash flow is defined as net cash from operating activities less purchases of property, equipment, and intangible assets. It serves as an indicator of unit economics and liquidity, showing cash generated from core operations available for strategic initiatives[20](index=20&type=chunk) - Non-GAAP measures are presented for supplemental informational purposes only and should not be considered in isolation from, or as a substitute for, GAAP financial information due to their non-standardized meaning and potential for differing calculations by other companies[21](index=21&type=chunk) [Historical GAAP to Non-GAAP Reconciliations](index=8&type=section&id=4.2.%20Historical%20GAAP%20to%20Non-GAAP%20Reconciliations) This section provides reconciliations of key GAAP financial measures to their non-GAAP counterparts for historical periods, illustrating the adjustments made to derive bookings, Adjusted EBITDA, and free cash flow [Revenue to Bookings Reconciliation](index=8&type=section&id=4.2.1.%20Revenue%20to%20Bookings%20Reconciliation) The reconciliation shows how bookings are derived from revenue by adjusting for changes in deferred revenue and other minor items, reflecting the timing difference in revenue recognition | (in thousands, unaudited) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :-------------------------- | :------------------------------ | :------------------------------ | | Revenue | $918,953 | $713,225 | | Change in deferred revenue | $216,325 | $130,957 | | Other | $(6,758) | $(4,729) | | **Bookings** | **$1,128,520** | **$839,453** | [Consolidated Net Loss to Adjusted EBITDA Reconciliation](index=8&type=section&id=4.2.2.%20Consolidated%20Net%20Loss%20to%20Adjusted%20EBITDA%20Reconciliation) This reconciliation details the adjustments made to consolidated net loss to arrive at Adjusted EBITDA, primarily adding back non-cash expenses and non-operating items | (in thousands, unaudited) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :------------------------------------------ | :------------------------------ | :------------------------------ | | Consolidated net loss | $(240,447) | $(278,808) | | Interest income | $(46,718) | $(36,442) | | Interest expense | $10,286 | $10,268 | | Other (income)/expense, net | $(2,352) | $4,262 | | Provision for/(benefit from) income taxes | $303 | $682 | | Depreciation and amortization expense | $68,613 | $53,600 | | Stock-based compensation expense | $265,165 | $220,022 | | RTO severance charge | $108 | — | | Other non-cash charges | — | — | | **Adjusted EBITDA** | **$54,958** | **$(26,416)** | - Depreciation and amortization expense for Q3 2024 includes a one-time charge of **$17.9 million** related to the re-assessment of the estimated useful life of certain software licenses, accelerating their remaining depreciation[24](index=24&type=chunk) - The RTO severance charge relates to cash severance costs associated with the Company's return-to-office plan announced in October 2023[24](index=24&type=chunk) [Net Cash from Operations to Free Cash Flow Reconciliation](index=9&type=section&id=4.2.3.%20Net%20Cash%20from%20Operations%20to%20Free%20Cash%20Flow%20Reconciliation) This reconciliation shows the calculation of free cash flow by deducting capital expenditures and purchases of intangible assets from net cash provided by operating activities | (in thousands, unaudited) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :------------------------------------------ | :------------------------------ | :------------------------------ | | Net cash from operating activities | $247,430 | $112,704 | | Acquisition of property and equipment | $(29,405) | $(53,196) | | Purchases of intangible assets | — | — | | **Free cash flow** | **$218,025** | **$59,508** | [Forward-Looking GAAP to Non-GAAP Reconciliations](index=10&type=section&id=4.3.%20Forward-Looking%20GAAP%20to%20Non-GAAP%20Reconciliations) This section provides reconciliations for the forward-looking guidance, detailing how projected GAAP figures are adjusted to derive non-GAAP bookings, Adjusted EBITDA, and free cash flow for Q4 and the full year 2024 - The forward-looking guidance reflects the change in the estimated average lifetime of a payer from 28 months to 27 months, effective April 1, 2024. This change is expected to increase Q4 2024 revenue by **$12.7 million** and cost of revenue by **$2.6 million**, and full year 2024 revenue by **$98.0 million** and cost of revenue by **$20.4 million**[28](index=28&type=chunk) [Revenue to Bookings Guidance Reconciliation](index=10&type=section&id=4.3.1.%20Revenue%20to%20Bookings%20Guidance%20Reconciliation) The guidance reconciliation for bookings shows the projected adjustments to revenue, primarily the change in deferred revenue, to forecast future bookings | (in thousands) | Q4 2024 Guidance (Low) | Q4 2024 Guidance (High) | Full Year 2024 Guidance (Low) | Full Year 2024 Guidance (High) | | :-------------------------- | :--------------------- | :---------------------- | :---------------------------- | :----------------------------- | | Revenue | $935,000 | $960,000 | $3,548,796 | $3,573,796 | | Change in deferred revenue | $406,000 | $406,000 | $816,657 | $816,657 | | Other | $(5,000) | $(5,000) | $(21,998) | $(21,998) | | **Bookings** | **$1,336,000** | **$1,361,000** | **$4,343,455** | **$4,368,455** | [Consolidated Net Loss to Adjusted EBITDA Guidance Reconciliation](index=10&type=section&id=4.3.2.%20Consolidated%20Net%20Loss%20to%20Adjusted%20EBITDA%20Guidance%20Reconciliation) This reconciliation provides the projected adjustments to consolidated net loss to forecast Adjusted EBITDA for the upcoming periods, including non-cash and non-operating items | (in thousands) | Q4 2024 Guidance (Low) | Q4 2024 Guidance (High) | Full Year 2024 Guidance (Low) | Full Year 2024 Guidance (High) | | :------------------------------------------ | :--------------------- | :---------------------- | :---------------------------- | :----------------------------- | | Consolidated net loss | $(303,000) | $(283,000) | $(1,022,562) | $(1,002,562) | | Interest income | $(40,000) | $(40,000) | $(173,271) | $(173,271) | | Interest expense | $11,000 | $11,000 | $41,853 | $41,853 | | Other (income)/expense, net | — | — | $1,309 | $1,309 | | Provision for/(benefit from) income taxes | $2,000 | $2,000 | $3,466 | $3,466 | | Depreciation and amortization expense | $55,000 | $55,000 | $230,126 | $230,126 | | Stock-based compensation expense | $285,000 | $285,000 | $1,042,558 | $1,042,558 | | RTO severance charge | — | — | $1,101 | $1,101 | | **Adjusted EBITDA** | **$10,000** | **$30,000** | **$124,580** | **$144,580** | [Net Cash from Operations to Free Cash Flow Guidance Reconciliation](index=11&type=section&id=4.3.3.%20Net%20Cash%20from%20Operations%20to%20Free%20Cash%20Flow%20Guidance%20Reconciliation) This reconciliation outlines the projected calculation of free cash flow by deducting anticipated capital expenditures and intangible asset purchases from forecasted net cash provided by operating activities | (in thousands) | Q4 2024 Guidance (Low) | Q4 2024 Guidance (High) | Full Year 2024 Guidance (Low) | Full Year 2024 Guidance (High) | | :------------------------------------------ | :--------------------- | :---------------------- | :---------------------------- | :----------------------------- | | Net cash from operating activities | $170,000 | $185,000 | $807,825 | $822,825 | | Acquisition of property and equipment | $(70,000) | $(70,000) | $(185,786) | $(185,786) | | Purchase of intangible assets | — | — | $(1,370) | $(1,370) | | **Free cash flow** | **$100,000** | **$115,000** | **$620,669** | **$635,669** | [Additional Company Information](index=3&type=section&id=Additional%20Company%20Information) This section provides important contextual information, including disclaimers on forward-looking statements, details on operating metrics, company overview, and contact information [Forward-Looking Statements](index=3&type=section&id=5.1.%20Forward-Looking%20Statements) This section contains a standard disclaimer regarding forward-looking statements, outlining the inherent risks and uncertainties that could cause actual results to differ materially from projections, and clarifies that the company undertakes no obligation to update these statements - The press release includes forward-looking statements regarding Roblox's vision, platform improvements, investments in trust and safety, advertising efforts, AI use, economy and product efforts, user growth, and financial outlook for Q4 and full year 2024[13](index=13&type=chunk) - These statements are subject to risks and uncertainties, including the ability to execute business strategy, liquidity needs, demand for the platform, user retention, impact of economic conditions, regulatory changes, platform enhancements, brand protection, data misuse, platform security, and the impact of AI[13](index=13&type=chunk) - Roblox does not undertake any obligation to update or revise any forward-looking statements, and they should not be relied upon as representing views as of any date subsequent to the press release date[13](index=13&type=chunk) [Special Note Regarding Operating Metrics](index=3&type=section&id=5.2.%20Special%20Note%20Regarding%20Operating%20Metrics) Investors are encouraged to review the company's SEC filings, such as Form 10-K and 10-Q, for additional detailed information on core financial and operating metrics - Additional information regarding core financial and operating metrics is available in the company's SEC filings, including annual reports on Form 10-K and quarterly reports on Form 10-Q[14](index=14&type=chunk) [About Roblox](index=12&type=section&id=5.3.%20About%20Roblox) Roblox is an immersive platform focused on connection and communication, enabling millions of people globally to create, play, work, learn, and connect in user-generated experiences, with a vision to build a safe, civil, and optimistic social platform - Roblox is an immersive platform for connection and communication, where millions of people create, play, work, learn, and connect in experiences built by a global community of creators[30](index=30&type=chunk) - The company's vision is to reimagine how people come together in a safe, civil, and optimistic world, aiming to strengthen social fabric and support economic growth globally[30](index=30&type=chunk) [Contacts](index=12&type=section&id=5.4.%20Contacts) Contact information for Roblox Corporate Communications is provided for media inquiries - For corporate communications, Stefanie Notaney can be reached at press@roblox.com[31](index=31&type=chunk)
RBLX INVESTOR NEWS: Roblox Corporation Investors that Suffered Losses are Encouraged to Contact Rosen Law About Ongoing Investigation into the Company – RBLX
GlobeNewswire News Room· 2024-10-28 22:11
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a leading investor rights law firm, continues to investigate Roblox Corporation (NYSE: RBLX) for potential violations of the federal securities laws. If you invested in Roblox, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/roblox-corporation-rblx/. Why did Roblox’s Stock Drop? On October 8, 2024, Hindenburg Research issued a report entitled “Roblox: Inflated Key Metrics For Wall Street And a Pedophile H ...