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Why Roblox Stock Is Up 26% This Week

TheMotleyFool

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Shares of Roblox (NYSE: RBLX) are up 26.6% this week, according to data from S&P Global Market Intelligence. The metaverse/digital experiences platform reported its third-quarter results this week, and investors bid up the stock to all-time highs after the report.

On Nov. 8, Roblox announced its earnings for Q3, which ended in September. Bookings (Roblox's sales equivalent) were up 28% year over year to $637.8 million. This might not seem like explosive growth; bookings grew 200% year over year in Q3 of last year, making a tough comparison from the heart of the pandemic to this quarter.

Image source: Getty Images.

Source Fool.com

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