Roblox Raises FY24 Booking Outlook To $4.34B-$4.37B Vs, $4.23B Estimate, Revenue Outlook $3.55B-$3.57B
Portfolio Pulse from Benzinga Newsdesk
Roblox has raised its FY24 booking outlook to $4.34B-$4.37B, surpassing the previous estimate of $4.23B. The revenue outlook is set between $3.55B and $3.57B. Despite a projected net loss, the company expects positive free cash flow.
October 31, 2024 | 12:07 pm
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POSITIVE IMPACT
Roblox has increased its FY24 booking outlook, exceeding previous estimates, and expects positive free cash flow despite a net loss.
Roblox's raised booking outlook and positive free cash flow projection are positive indicators for investors, suggesting potential growth and financial health despite a net loss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100