Roblox's Q2 Earnings: 31% Topline Growth, Increased User Engagement, Guidance Hike
Portfolio Pulse from Anusuya Lahiri
Roblox Corp (NYSE:RBLX) reported strong Q2 2024 earnings with a 31% revenue growth and a 22% increase in bookings, beating analyst estimates. The company also saw significant increases in user engagement metrics and raised its guidance for Q3 and fiscal 2024 bookings.
August 01, 2024 | 12:46 pm
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Roblox Corp reported strong Q2 2024 earnings with a 31% revenue growth and a 22% increase in bookings, beating analyst estimates. The company also saw significant increases in user engagement metrics and raised its guidance for Q3 and fiscal 2024 bookings.
Roblox's strong financial performance, including beating analyst estimates and raising future guidance, is likely to positively impact its stock price in the short term. The significant growth in user engagement metrics further supports this positive outlook.
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