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Will Roblox stock maintain an 18% increase until the end of 2024?
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Roblox stock price data from financial markets
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Roblox Reports Strong Q3 Results, Raises 2024 Guidance; Stock Surges 18%
Oct 31, 2024, 12:32 PM
Roblox Corporation reported strong financial results for Q3 2024, with revenue of $919 million, up 29% year-over-year, and bookings of $1.13 billion, up 34% year-over-year. The company also reported a net loss attributable to common stockholders of $239.3 million, an adjusted EBITDA of $55 million, and EPS of ($0.37). Daily Active Users (DAUs) increased by 27% year-over-year to 88.9 million. Following these results, Roblox raised its full-year 2024 revenue guidance to $3.55-3.57 billion and bookings guidance to $4.34-4.37 billion. For Q4, the company expects revenue of $935-960 million and bookings of $1.34-1.36 billion. The company's stock surged over 18% in pre-market trading.
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