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RBLX-ROBLOX CORP

Roblox Posts Impressive Q3 Results with Record Revenue and User Growth, Sparks Analyst Optimism

Monday

11 November, 2024

Roblox's Q3 results reveal a remarkable growth story, with record net bookings of $1.13 billion and a 26.6% surge in daily active users, thanks to its PlayStation console launch. Can this momentum sustain the company's ambitious 20% annual growth target amid rising operational costs and market competition?

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Key Takeaways
  • Roblox Corporation achieved record net bookings of $1.13 billion, reflecting a significant year-over-year increase.
  • Daily active users rose to 89 million, largely due to the PlayStation console launch.
  • Analysts are optimistic, with Morgan Stanley raising its price target significantly.
  • Despite a net loss, Q3 revenue increased to $919 million compared to last year.
  • The company aims to improve developer tools and safety to retain its user base.
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