Roblox Q3 Hours Engaged 20.7B (+29% YoY), Average Bookings Per DAU $12.70 (+6%)
Portfolio Pulse from Benzinga Newsdesk
Roblox reported strong Q3 2024 results with a 29% increase in revenue to $919 million and a 34% rise in bookings to $1,128.5 million. Despite a net loss of $239.3 million, the company saw significant growth in user engagement and cash flow.
October 31, 2024 | 12:04 pm
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POSITIVE IMPACT
Roblox's Q3 2024 results show strong growth in revenue and bookings, with a 29% and 34% increase respectively. Despite a net loss, the company achieved significant user engagement and cash flow improvements.
Roblox's strong revenue and bookings growth, along with increased user engagement and cash flow, are positive indicators for the company's future performance. The net loss is a concern but is outweighed by the operational improvements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100