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By Zaheer Kachwala (Reuters) -Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user ...
The move: Roblox stock plunged as much as 20.3% on Thursday, paring that decline to about 13% at 3:05 p.m. ET. The chart: Why: The video game platform released mixed fourth-quarter earnings that ...
This week, investors will be eyeing new inflation data, which will offer a look at whether prices have already begun to creep up as some have feared ahead of a major economic reopening. A highly ...
Roblox's free cash flow grew fivefold in Q2.
This was the first time Roblox offered earnings and revenue guidance to its investors since the company went public in 2021. Roblox's statements included, among other things, that Roblox expected $4.14 billion to $4.28 billion of "bookings" in fiscal year 2024—reflecting 25%-27% annual growth—and $3.3 billion to $3.4 billion annual revenue.
Roblox's result in the third quarter of 2024 further justifies the turnaround story. Revenue surged 29% year over year on the back of a 34% increase in bookings.
Roblox already had good momentum going into the week. With that gust of wind at its back Roblox's stock was enjoying a nearly 18% gain week to date as of late Thursday evening, according to data ...
Goldman Sachs On Roblox Analyst Eric Sheridan maintained a Neutral rating while slashing the price target from $48 to $38. Roblox indicated it witnessed a decline in engagement in the first ...