Roblox, the virtual world gaming platform, reported a record 79.5 million average daily active users (DAUs), representing a 21% increase from the previous year, the company said in its second-quarter earnings report released Thursday (Aug. 1). "Our strong Q2 growth across all core metrics is driven by diverse and high-quality content," David Baszucki, founder and CEO of Roblox, said in a Thursday (Aug. 1) release announcing the company's second-quarter 2024 financial results. "Our platform continues to attr ...

Roblox's free cash flow grew fivefold in Q2. Shares of Roblox (RBLX -5.71%), the popular online gaming platform, slid 6% through 12:45 p.m. ET Thursday after the company beat on earnings this morning (kind of), but also missed on sales (narrowly). Roblox didn't actually "earn" anything, you see, but analysts thought it would lose $0.39 per share on sales of $898.5 million in the second quarter. In fact, Roblox lost only $0.32 per share -- and so beat earnings. Sales, however, came in short at $893.5 million ...

Roblox Corporation (NYSE:RBLX) Q3 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Stefanie Notaney - Senior Director, Financial Communications David Baszucki - Co-Founder and CEO Mike Guthrie - CFO Conference Call Participants Drew Crum - Stifel Bernie McTernan - Needham & Company Cory Carpenter - JPMorgan Aaron Lee - Macquarie Matthew Cost - Morgan Stanley Clark Lampen - BTIG Shweta Khajuria - Wolfe Research Operator Good morning. My name is Pam. Welcome everyone to Roblox Seco ...

Roblox (RBLX) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.51%. A quarter ago, it was expected that this online gaming platform would post a loss of $0.53 per share when it actually produced a loss of $0.43, delivering a surprise of 18.87%. Over the last four quarters, the company has ...

RQBLOX Exhibit 99.1 Roblox Reports Second Quarter 2024 Financial Results 1 2 Strong Growth Across Core Financial and Operating Metrics; Revenue up 31% year-over-year, Bookings up 22% year-over-year, record DAUs up 21% year-over-year and record Hours Engaged up 24% year-over-year SAN MATEO, Calif., August 1, 2024 - Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its second quarter 2024 financial and operational results and issued it ...

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- WHAT TO DO NEXT: To join the Roblox class action, go to https://rosenlegal.com/submit-form/? case_id=25991 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 12, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the l ...

About the publisher We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. About Emily Jarvie Proactive news team spans the world's key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. Proactive has always been a forward looking and enthusiastic technology adopter. Proactive wil ...

Analysts on Wall Street project that Roblox (RBLX) will announce quarterly loss of $0.37 per share in its forthcoming report, representing an increase of 19.6% year over year. Revenues are projected to reach $894.94 million, increasing 14.6% from the same quarter last year. The consensus EPS estimate for the quarter has undergone a downward revision of 7.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates du ...

If you suffered Roblox losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/robloxcorporation?utm_source=PR&utm_medium=link&utm_campaign=rblx&mktm=r You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at [email protected]. In November 2023, Roblox provided investors with material information concerning the company's expected revenue for the first quarter of 2024 and fiscal year 2024. This was the first time Roblox offered earnings and reven ...

The gaming company has some ambitious goals that could translate into significant gains for investors. Many investors could be making a big mistake in overlooking the potential that this growth stock has. It has lost half of its value in the past three years, and a lack of profitability certainly isn't helping the stock. But here are three reasons you shouldn't give up on Roblox just yet, and why it could be an underrated buy. It was just last year that the company launched its partner program, which could ...