Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Roblox Stock Bounced Back Big Time Today

TheMotleyFool

0 0

Roblox (NYSE: RBLX) stock was up by an impressive 13.9% as of 12:30 p.m. ET Wednesday after reporting a third-quarter beat (of sorts) before the opening bell.

Analysts had forecast that the gaming platform company would record $829.5 million in "bookings" (a proxy for future revenues) in Q3, but it actually reported bookings of $839.5 million. Revenues for the quarter (which are recognized after "bookings" of its in-game currency, Robux, are actually spent by gamers) were $713.2 million.

Roblox also reported a $0.45 per share loss for the quarter. That might not sound great, but it did beat Wall Street's expectations for a $0.51 per share loss.

Source Fool.com

Like: 0

RBLX

Share