Connect with us

Hi, what are you looking for?


Roblox Shares Skyrocket on Better-Than-Expected Earnings

Roblox Shares Skyrocket on Better-Than-Expected Earnings

Shares in Roblox Corp. surged after the online-entertainment company reported third-quarter earnings and disclosed metrics for the current quarter, during which it experienced a significant outage.

Roblox on Monday said revenue more than doubled to $509.3 million and bookings, which includes deferred revenue, rose 28% to $637.8 million for the quarter ended in September. Under some accounting rules, revenue from games with online components, such as spending on virtual weapons, is deferred for however long companies think players will use those items—typically six to nine months.

You May Also Like


A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...


SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...


Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...


Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...