Roblox Q3 Earnings: Bookings Jump 34%, User Base Hits 89 Million, Raises Annual Outlook
Portfolio Pulse from Anusuya Lahiri
Roblox Corp (NYSE:RBLX) reported strong Q3 2024 earnings with a 34% increase in bookings, surpassing analyst expectations. The company also raised its annual outlook, projecting higher bookings for Q4 and fiscal 2024. Despite recent bearish reports, Roblox's stock rose 15.30% premarket, supported by positive analyst ratings.
October 31, 2024 | 1:49 pm
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Roblox reported a 34% increase in Q3 bookings, surpassing analyst estimates, and raised its annual outlook. Despite facing bearish reports, the stock rose 15.30% premarket, supported by positive analyst ratings.
Roblox's strong Q3 performance, with bookings and revenue growth exceeding expectations, positively impacts investor sentiment. The raised annual outlook further boosts confidence, leading to a significant premarket stock price increase. Despite recent bearish reports, positive analyst ratings support the stock's upward momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100