Roblox Corporation - RBLX STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.