BEAMSTART Logo

Roblox's Stock Surges 10% Following Estimates Beat and Robust Forecast

CNBC LogoCNBC2w ago

Roblox's Stock Surges 10% Following Estimates Beat and Robust Forecast - CNBC

Quick Summary:

Roblox reported results for the fiscal fourth quarter and full year that beat consensus estimates on the top and bottom lines.

The company expects first-quarter bookings between $910 million and $940 million, and a net loss ranging from $342 million to $347 million.

The number of engaged hours for users fell from 16 million for the third quarter of 2023 to 15.5 million during the fourth quarter.


More Pictures

Roblox's Stock Surges 10% Following Estimates Beat and Robust Forecast - CNBC (Picture 1)

or

Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-08 @ 15:13:48 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 20041512

View Article Analysis

About CNBC

CNBC Logo

Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 7 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #35

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Roblox's Stock Surges 10% Following Estimates Beat and Robust Forecast" has 503 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Roblox's Stock Surges 10% Following Estimates Beat and Robust Forecast" was covered 2 weeks ago by CNBC, a news publisher based in United States.

How trustworthy is 'CNBC' news outlet?

CNBC is a fully independent (privately-owned) news outlet established in 2005 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 7 news stories per day.

It's most recent story was published 15 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #20041512
  • URL: https://beamstart.com/news/roblox-shares-rise-10-after-17077196731926

BEAMSTART brings you the latest news, databases, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2024 BEAMSTART. All Rights Reserved.