Roblox (RBLX) reported $1.13 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 25.3%. EPS of -$0.52 for the same period compares to -$0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of +4.75%. The company delivered an EPS surprise of +8.77%, with the consensus EPS estimate being -$0.57.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

The metaverse, creator economy and artificial intelligence (AI) are among the 21st century’s biggest trends.And video game developer Roblox, which enjoyed its first-ever quarter with over $1 billion in bookings, finds itself at the intersection of all three.This, as Roblox announced its fourth-quarter and full-year 2023 financial and operational results on Wednesday (Feb. 7), before market open.“We finished 2023 with another strong quarter of growth as we continue to drive innovation and new experiences acr ...

Roblox (RBLX) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.57. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.77%. A quarter ago, it was expected that this online gaming platform would post a loss of $0.52 per share when it actually produced a loss of $0.45, delivering a surprise of 13.46%.Over the last four quarters, the company has sur ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Roblox Inc. shares tend to swing big after earnings and Wednesday’s results could bring a continuation of that trend. Shares of Roblox RBLX, +3.18% were rising 12% in premarket action after the gaming company set a milestone with its bookings figure and issued an upbeat outlook on the metric for the year ahead.The company generated fourth-quarter revenue of $749.9 million, up from $579.0 million a year before. Roblox also reported bookings of $1.13 billion, up from $899 million a year before and ahead of th ...

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 ...