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Roblox Corporation - RBLX STOCK NEWS

Welcome to our dedicated page for Roblox Corporation news (Ticker: RBLX), a resource for investors and traders seeking the latest updates and insights on Roblox Corporation stock.

Roblox Corporation (NASDAQ: RBLX) is a pioneering force in the gaming industry, driving the future of user-generated content and game development. As the world's largest platform for emerging and independent game developers, Roblox empowers users to create, develop, and monetize their own games, or 'experiences.' This innovative approach combines elements of a game engine, publishing platform, online hosting, marketplace, and social network, creating a comprehensive ecosystem for developers and gamers alike.

With over 4.4 million active users spending more than 70 million hours on the platform each month, Roblox has solidified its place as a leader in the user-generated gaming space. The platform runs on a single code base across desktop, iOS, and Android, and boasts an infrastructure capable of supporting nearly 200,000 simultaneous users.

Roblox's business model is unique in that it generates revenue at multiple points within its controlled ecosystem, benefiting from outsourced game development while focusing on creating new tools and monetization techniques for its developers. This strategy not only fosters innovation but also provides developers with unprecedented opportunities to earn money from their creations.

Recent achievements include strategic partnerships and advancements in the Metaverse and NFT space. For instance, Roblox's participation in a new Metaverse project in collaboration with Hangzhou Yuanyuzhou Technology Co., Ltd aims to establish a leading NFT ecosystem in Asia.

As part of its mission to become the global leader in user-generated gaming and creation for all ages, Roblox continues to enhance its platform with new features and capabilities, ensuring it remains at the forefront of the gaming industry. The company’s commitment to innovation and community-driven content makes it an essential player in the evolving landscape of digital entertainment.

For the latest updates and news on Roblox Corporation, visit StockTitan and stay informed about this dynamic and influential company in the gaming world.

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Roblox (NYSE: RBLX) reported strong Q3 2024 financial results with significant growth across key metrics. Revenue increased 29% year-over-year to $919.0 million, while bookings grew 34% to $1,128.5 million. The company achieved record user engagement with Daily Active Users (DAUs) up 27% to 88.9 million and Hours Engaged up 29% to 20.7 billion. Monthly unique payers increased 30% to 19.1 million. Despite growth, the company reported a net loss of $239.3 million. Free cash flow showed substantial improvement, up 266% year-over-year to $218.0 million, with strong liquidity position of $3.9 billion in cash and investments.

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Roblox (NYSE: RBLX) has announced that it will release its third quarter 2024 financial results on Thursday, October 31, 2024, before the U.S. markets open. The company will also host a conference call on the same day to discuss the results and answer questions.

The conference call is scheduled for 5:30 am PT / 8:30 am ET. Investors and interested parties can access the live webcast of the call through the Roblox investor relations website at ir.roblox.com. Following the call, an online replay and transcript will be made available on the same website and will remain accessible for at least 12 months.

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Roblox (NYSE: RBLX) has announced plans to live broadcast keynote addresses from its annual Roblox Developers Conference (RDC) on Friday, September 6. The event, which brings together Roblox's global community of creators, developers, influencers, and brand partners, will feature important product announcements and innovations.

The conference will begin at 10 am PT with opening remarks from Roblox founder and CEO David Baszucki, followed by discussions with various Roblox leaders about new product initiatives and strategies. A Creator Keynote will take place from 1:00 pm to 2:00 pm PT, featuring Nick Tornow, VP of Creator and Engine Engineering, and Tian Lim, VP of Creator and Engine Product.

The live broadcast will be available on Roblox's YouTube channel and investor relations website, with an online replay accessible for at least 12 months following the event.

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Warner Bros. Pictures has launched a new immersive Beetlejuice Beetlejuice experience on Roblox (NYSE: RBLX), created by Sawhorse. The experience, titled '[Beetlejuice] Escape the Afterlife,' features Roblox's first virtual Fandango box office, allowing eligible users to purchase movie tickets directly within the platform.

The experience brings the movie to life, enabling fans to explore familiar scenes and characters from the original Beetlejuice movie, as well as new elements from the upcoming sequel. Users can enter three immersive worlds, rescue characters, and interact with iconic locations like The Waiting Room and Adam's model of Winter River, Connecticut.

Additionally, the experience will connect with four top Roblox community-created games, offering users unique virtual items and portals to the Afterlife. The virtual Fandango box office opens on August 5, 2024, for US-based users aged 13 and older, while the full in-game experience is available to all users globally.

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Roblox (NYSE: RBLX) reported strong growth in Q2 2024, with revenue up 31% year-over-year to $893.5 million and bookings up 22% to $955.2 million. The company saw significant increases in key metrics:

- Daily Active Users (DAUs) reached 79.5 million, up 21% YoY
- Hours engaged hit 17.4 billion, up 24% YoY
- Average monthly unique payers grew 22% YoY to 16.5 million

Despite growth, Roblox reported a net loss of $207.2 million. However, the company's cash position improved, with net cash from operating activities up 433% YoY to $151.4 million and free cash flow of $111.6 million, compared to -$95.5 million in Q2 2023.

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Roblox (NYSE: RBLX) announced it will release its second-quarter 2024 financial results on August 1, 2024, before U.S. markets open.

A conference call to discuss these results is scheduled for the same day at 5:30 am PT / 8:30 am ET.

The conference call will be accessible via a live webcast on the Roblox investor relations website. An online replay and transcript will be available shortly after the call and will remain accessible for at least 12 months.

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e.l.f. (NYSE: ELF) is expanding its collaboration with Roblox (NYSE: RBLX) by becoming the first beauty brand to test real-world commerce on the platform. Within its immersive e.l.f. UP! experience on Roblox, e.l.f. has launched a virtual kiosk where U.S. visitors aged 13 and up can purchase exclusive physical products, including an e.l.f. UP! Pets Hoodie and a selection of cruelty-free lip and SPF products.

The partnership also includes a $50,000 donation to the Humane Society to support animal welfare. The e.l.f. UP! experience has garnered a 96% positivity rating and distributed over one million free virtual items since its launch in November 2023. This initiative aims to merge beauty with immersive digital platforms, teaching the Roblox community about social commerce with purpose.

Renowned Roblox creators, such as SimplyALemon, are involved in designing virtual items, bringing an added layer of creativity and engagement to the project.

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Roblox (NYSE: RBLX) reported strong financial results for the first quarter of 2024, with revenue reaching $801.3 million, up 22% year-over-year. The company posted a record free cash flow of $191.1 million, up 133% year-over-year, and net cash and cash equivalents from operating activities increased by 37%. Despite the net loss attributable to common stockholders of $270.6 million, Roblox remains focused on driving user growth and engagement through strategic initiatives like AI-driven algorithms and platform-wide events.

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Roblox (NYSE: RBLX) has expanded its immersive video ad opportunities to all advertisers, offering a new format to connect with Gen Z consumers on its platform. The new video ads, available through Roblox's self-serve Ads Manager and soon via programmatic media buying, provide brands with genre targeting, brand suitability, and an audience estimator features. The company also announced new measurement partners to offer additional solutions to advertisers. A study conducted by Roblox showed positive user reception of video ads, with users more likely to engage with brands advertised on the platform. Roblox's immersive ads are part of the growing virtual economy on the platform, providing a monetization opportunity for creators and ensuring brand safety and transparency for users.

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Roblox (NYSE: RBLX) will release its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. The call will be accessible via webcast on the Roblox investor relations website, with a replay and transcript available afterward.
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FAQ

What is the current stock price of Roblox Corporation (RBLX)?

The current stock price of Roblox Corporation (RBLX) is $51.52 as of November 20, 2024.

What is the market cap of Roblox Corporation (RBLX)?

The market cap of Roblox Corporation (RBLX) is approximately 34.3B.

What does Roblox Corporation do?

Roblox Corporation operates an online platform that allows users to create, develop, and monetize their own games or experiences.

How many active users does Roblox have?

Roblox has over 4.4 million active users who spend more than 70 million hours on the platform each month.

What makes Roblox different from traditional video game publishers?

Unlike traditional publishers, Roblox focuses on developing new tools and monetization techniques for its developers rather than creating new games or franchises.

What platforms does Roblox support?

Roblox runs on a single code base across desktop, iOS, and Android devices.

How does Roblox generate revenue?

Roblox generates revenue at multiple points within its ecosystem, benefiting from outsourced game development and various monetization techniques.

What recent projects has Roblox been involved in?

Roblox recently collaborated on a Metaverse project with Hangzhou Yuanyuzhou Technology Co., Ltd to establish a leading NFT ecosystem in Asia.

What is Roblox's mission?

Roblox's mission is to become the global leader in user-generated gaming and creation for all ages.

How does Roblox support independent game developers?

Roblox provides a comprehensive platform including a game engine, publishing services, online hosting, a marketplace, and social networking to empower developers.

Can developers earn money on Roblox?

Yes, developers on Roblox can monetize their games or experiences through various tools and techniques offered by the platform.

Where can I find the latest news about Roblox Corporation?

You can find the latest news and updates about Roblox Corporation on StockTitan.

Roblox Corporation

NYSE:RBLX

RBLX Rankings

RBLX Stock Data

34.28B
562.33M
5.43%
78.04%
4.11%
Electronic Gaming & Multimedia
Services-prepackaged Software
Link
United States of America
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