Is It Too Late to Buy Roblox Stock?
Roblox's (NYSE: RBLX) stock skyrocketed 42% to an all-time high on Nov. 9 after the gaming platform company posted its third-quarter report.
Roblox's revenue jumped 102% year-over-year to $509 million, which missed analysts' estimates by $127 million. However, its bookings -- which more accurately reflect the underlying growth of its gaming business -- increased 28% to $638 million and topped expectations by $14 million.
Roblox's net loss widened from $49 million to $74 million, or $0.13 per share, but still beat per-share estimates by a penny. Its net loss per share actually narrowed year-over-year, but only because its number of weighted-average shares more than tripled after its direct listing in March.
Source Fool.com
