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Roblox shares fell 22% after the videogame company issued a softer outlook for the current quarter than analysts expected and lowered its guidance for the full year. The company on Thursday said ...
Roblox shares rose after the online gaming company reported better-than-expected third-quarter bookings and raised its full-year guidance.
Roblox's long-term growth story hasn't collapsed but materially weakened. Find out why staying away from RBLX stock seems the wiser choice.
Revenue versus bookings The main culprit behind the collapse in Roblox stock was that while it increased its full-year revenue guidance, the company lowered its full-year booking forecast.
Roblox Corp (NYSE:RBLX) stock gained after it reported fiscal second-quarter 2024 bookings growth of 22% year-on-year to $955.2 million, beating the analyst consensus estimate of $898.5 million ...
Roblox Stock Soars 18% After Blowout Q2—User Growth, Bookings Surge, Big Guidance Boost Wow Wall Street ...