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Roblox (RBLX) has released its second quarter 2024 earnings, and it’s looking pretty good. Roblox surpassed user estimates and boosted its forecast. The platform known for bringing millions ...
The record came as Roblox saw a peak of 5.26 million concurrent players as well, suggesting strong numbers for April.
Roblox shares were priced at $45. They closed the first day of trading up 54.4%. Since then, they’ve lost 20% of their value, but not before hitting an all-time high of $141.60 in November.
Vietnam, in particular, is allegedly responsible for a "significant" inflation of user numbers and engagement, according to a former Roblox data scientist who spoke to Hindenburg Research.
Roblox stock has been hit hard, as have most technology stocks. But the company’s financials are holding up well. Here's a quick run through of the financials of this unique gaming mainstay.
Video game company Roblox’s stock price lost more than 9% of its value on Wednesday following poor user numbers for November.
A new report alleges that Roblox has been artificially inflating its player count numbers. This follows after Roblox self-reported major financial losses despite alleged player growth.