Roblox Corp Stock Price, News & Analysis

Forever 21 has partnered with Virtual Brand Group to launch an exclusive retail experience on Roblox (NYSE:RBLX) called Forever 21 Shop City. This immersive platform allows users to create and manage their own stores, buy and sell Forever 21 merchandise, and engage with a vibrant community of fashion influencers and builders. Key features include extensive customization options, themed districts, and monthly events like Forever 21 Day. This initiative aims to bridge the gap between the physical and virtual retail worlds, aligning with Forever 21's strategy to enhance customer engagement.

Roblox Corporation (NYSE: RBLX) reported key metrics for November 2021. Daily active users reached 49.4 million, a 35% increase year over year. Engagement hours totaled 3.6 billion, up 32%. Estimated bookings ranged from $208 million to $211 million, marking a 22% - 24% year-over-year rise. Average bookings per daily active user fell to between $4.21 and $4.27, down 8% - 9%. Revenue estimates were between $184 million and $187 million, an 84% - 87% increase year over year.

The British Fashion Council introduces the first-ever Fashion Award for Metaverse Design, in partnership with Roblox. The inaugural winner is cSapphire, recognized for excellence in digital fashion design. Five digital creators were shortlisted, judged by a prominent panel. To celebrate, an immersive experience on Roblox allows users to explore the awards, engage with nominees, and purchase exclusive Gucci items, with proceeds supporting the BFC Foundation.

Roblox (NYSE: RBLX) has partnered with Project Lead The Way (PLTW) to enhance educational experiences in computer science, biomedical science, and engineering. The collaboration involves a grant from Roblox to support the development of learning resources, aimed at students across the U.S. The educational content is set to launch in spring 2022. This strategic investment is expected to provide students with critical skills for future career paths, leveraging Roblox's immersive platform for real-world problem-solving and creativity.

Roblox (NYSE: RBLX) will debut the Tai Verdes virtual concert this Saturday, November 13 at 11 a.m. PT, hosted by the MELON studio. The concert features Verdes performing his new single, “Let’s go to Hell,” along with other hits. This innovative event differentiates itself by allowing the artist to perform as his avatar in a custom-designed venue. The concert space opens today, enabling fans to explore and engage with the environment. It reflects Roblox's commitment to creating unique music experiences within the metaverse.

Roblox Corporation (NYSE: RBLX) reported a significant financial performance for Q3 2021, with revenue increasing 102% to $509.3 million and bookings rising 28% to $637.8 million. The net loss was $74.0 million, but free cash flow increased 7% year-over-year to $170.6 million. Average Daily Active Users (DAUs) rose 31% to 47.3 million, with users engaging for 11.2 billion hours. The developer community earned over $130 million during the quarter, indicating healthy growth prospects.

Roblox Corporation (NYSE: RBLX) has announced the pricing of $1.0 billion of 3.875% senior notes due in 2030. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The closing is expected on October 29, 2021. The notes will mature on May 1, 2030, with interest paid semi-annually starting May 1, 2022. Roblox plans to utilize the proceeds for general corporate purposes including capital expenditures and strategic investments.

Roblox Corporation (NYSE: RBLX) plans to offer $1.0 billion in senior unsecured notes to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The specific terms, including interest rate and maturity date, will be set through negotiations. Proceeds from this offering are intended for general corporate purposes, including production, capital expenditures, investments, working capital, and potential acquisitions. The notes have not been registered under the Securities Act, and this announcement does not constitute an offer to sell or buy the Notes.

Roblox has partnered with Insomniac to host the Electric Daisy Carnival (EDC), marking it as the first music festival held in the Roblox metaverse. The virtual festival will run from October 22 to October 25, coinciding with the physical event at the Las Vegas Motor Speedway. Attendees can enjoy live performances from over 50 artists, including Kaskade and Zedd, within the World Party experience. This collaboration emphasizes Roblox's role in innovating immersive music experiences and expanding virtual engagement for artists and fans.