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Shares of Roblox Corp. surged to a record high on Thursday after the video game maker reported higher user numbers and bookings than analysts had expected.
RBLX's soaring engagement is driving record bookings and payer growth, even as near-term profitability remains pressured.
Roblox, one of the most popular online gaming platforms, is once again at the center of shocking rumors. A viral notice spreading across social media claims that Roblox will permanently shut down on ...
Roblox posted strong fiscal second-quarter results earlier this month. Bookings jumped 51% to $1.44 billion, beating estimates.
User and engagement numbers were also strong for gaming platform Roblox, with daily active users up 41% year over year, and hours engaged up 58%.
Roblox shares have surged after a strong earnings report, but analysts are divided on whether the gaming platform's soaring valuation can last.
Despite the lackluster financial numbers, Roblox's bookings of $1.44 billion, daily active users of 111.8 million, and 27.4 billion engagement hours were all above estimates.