The video game publisher’s revenue for the second quarter was $781 million, falling short of analysts’ estimates of $785 million. The company reported a loss per share of 46 cents, lower than Wall Streets’ estimates of a 45 cent loss per share.

Sales on a year-over-year basis rose by 22%, with the company reporting a revenue of $639.9 million a year ago. The company’s earnings come from its virtual currency called Robux, which is used to purchase premium in-game features. Roblox reported 65.5 million daily active users on average, up 25% from the previous year.

While historically targeted at younger children, Roblox is working to expand its appeal to other age groups. The company announced that eligible creators on its platform will be enabled to build games featuring mature content.

The post Roblox Misses Quarterly Earnings Estimates appeared first on theprimarymarket.com.

Roblox’s shares are surging as a result of the positive metrics report for September that the company released on Monday morning. Among the key metrics, the report revealed is the growth in daily active users compared to the year before. The Roblox platform had 57.8 million daily active users, representing a 23 percent growth.

According to Roblox, they also had 4 billion engaged hours in September, which is 16 percent more year over year. Also, the bookings are up to $212 million and $219 million; an increase of 11 percent to 15 percent compared to the same period in 2021.

While these numbers look great when compared to last year, they are still slightly disappointing in comparison to the month before. In August, Roblox had 59.9 million daily active users and 4.7 billion hours engaged. However, the dip might be a result of kids returning to school and spending less time in front of their computers, which is why investors don’t seem to be worried.

The post Roblox Stock Jumps 22% Amid Positive Metrics Report appeared first on theprimarymarket.com.

RBLX peaked at $134.72 late in 2021 before tumbling down to $23.19 in May. But the stock then started gradually climbing in mid-June and is now at $41.25. This is the highest Roblox shares have been since April.

The reason why investors initially moved away from Roblox is the slower-than-expected growth of their platform. The users have been engaging in other activities as the pandemic slowed down and are no longer as committed as they were before.

In February, Roblox saw 55.1 million daily active users, which represented a growth of 28% year over year. In May, that number dropped to 50.4 million and only 17% up year over year.

However, experts believe that Roblox weathered the challenging times and is now headed to recovery. Their business isn’t expected to take a hit in case of a recession due to low membership prices. Also, the company has a lot of wiggle room when it comes to monetizing its platform and using the advertisement opportunities. 

The post Roblox Stock Continues to Surge, Up 35% Over the Last Month appeared first on theprimarymarket.com.

The video game publisher’s revenue for the second quarter was $781 million, falling short of analysts’ estimates of $785 million. The company reported a loss per share of 46 cents, lower than Wall Streets’ estimates of a 45 cent loss per share.

Sales on a year-over-year basis rose by 22%, with the company reporting a revenue of $639.9 million a year ago. The company’s earnings come from its virtual currency called Robux, which is used to purchase premium in-game features. Roblox reported 65.5 million daily active users on average, up 25% from the previous year.

While historically targeted at younger children, Roblox is working to expand its appeal to other age groups. The company announced that eligible creators on its platform will be enabled to build games featuring mature content.

The post Roblox Misses Quarterly Earnings Estimates appeared first on theprimarymarket.com.

Roblox’s shares are surging as a result of the positive metrics report for September that the company released on Monday morning. Among the key metrics, the report revealed is the growth in daily active users compared to the year before. The Roblox platform had 57.8 million daily active users, representing a 23 percent growth.

According to Roblox, they also had 4 billion engaged hours in September, which is 16 percent more year over year. Also, the bookings are up to $212 million and $219 million; an increase of 11 percent to 15 percent compared to the same period in 2021.

While these numbers look great when compared to last year, they are still slightly disappointing in comparison to the month before. In August, Roblox had 59.9 million daily active users and 4.7 billion hours engaged. However, the dip might be a result of kids returning to school and spending less time in front of their computers, which is why investors don’t seem to be worried.

The post Roblox Stock Jumps 22% Amid Positive Metrics Report appeared first on theprimarymarket.com.

RBLX peaked at $134.72 late in 2021 before tumbling down to $23.19 in May. But the stock then started gradually climbing in mid-June and is now at $41.25. This is the highest Roblox shares have been since April.

The reason why investors initially moved away from Roblox is the slower-than-expected growth of their platform. The users have been engaging in other activities as the pandemic slowed down and are no longer as committed as they were before.

In February, Roblox saw 55.1 million daily active users, which represented a growth of 28% year over year. In May, that number dropped to 50.4 million and only 17% up year over year.

However, experts believe that Roblox weathered the challenging times and is now headed to recovery. Their business isn’t expected to take a hit in case of a recession due to low membership prices. Also, the company has a lot of wiggle room when it comes to monetizing its platform and using the advertisement opportunities. 

The post Roblox Stock Continues to Surge, Up 35% Over the Last Month appeared first on theprimarymarket.com.