Shares of Roblox pop 15% after company's third-quarter results beat estimates
Publishing timestamp: 2023-11-08 12:04:44
Summary
Roblox shares surged 15% after the company released its third-quarter results, which exceeded analysts' expectations. The company reported strong user growth and a decrease in spending growth. Roblox generated revenue from the sales of its virtual currency, Robux, and reported a net loss of $277.2 million for the quarter. The company also highlighted strong growth in East Asia and Europe and announced plans to provide guidance in fiscal 2024.
Sentiment: POSITIVE
Tickers: RBLX,
Keywords: roblox corp, business news, breaking news: technology, breaking news: earnings, earnings, breaking news: business, enterprise, media, technology, internet,
Source: https://www.cnbc.com/2023/11/08/roblox-rblx-q3-earnings-2023.html