Roblox Stock News

Roblox shares surged following the online-gaming company's third-quarter results Thursday.

Despite the S&P 500 falling by over 1.3% on the morning of Halloween, some stocks have reason to celebrate their strong price action to beat most – if not all – of other peers in the stock market. Today, it is Roblox Co. NYSE: RBLX that announced its latest quarterly earnings results, the reason why markets reacted by sending the stock to a new 52-week high.

NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating potential securities claims on behalf of purchasers of Roblox Corporation (NYSE: RBLX) (“Roblox” or the “Company”)

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Roblox Corporation (NYSE: RBLX) resulting from allegations that Roblox may have issued materially misleading business information to the investing public.

Roblox reported a blockbuster Q3'24 with bookings growth soaring 35%, over $100 million above analyst targets. The mobile gaming platform is now a cash flow generation machine despite headlines of large GAAP losses. Despite the jump to $50, the stock is still cheap at 6x forward EV/S targets, especially with the opportunity for bookings growth to continue topping 30%.

Youth-focused video game and metaverse company Roblox is experience a growth spurt. Users over the age of 13 are now a majority of the company's hundreds of millions of users.

Roblox Corporation (NYSE:RBLX ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Stefanie Notaney - Senior Director, Financial and Corporate Communications David Baszucki - Founder and Chief Executive Officer Mike Guthrie - Chief Financial Officer Conference Call Participants Thomas Champion - Piper Sandler Andrew Crum - Stifel Clark Lampen - BTIG Cory Carpenter...

Roblox Corp. shares rose 18.7% in premarket trading after the online gaming company reported better-than-expected third-quarter bookings and raised its full-year guidance.