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Roblox ( (RBLX) ) just unveiled an update.
Roblox Corporation announced a strong third quarter in 2024, with a 29% increase in revenue and a 34% rise in bookings compared to the previous year. The company’s daily active users reached a record 88.9 million, reflecting a 27% year-over-year growth, while hours engaged also surged by 29%. Despite a net loss, Roblox’s financial strategies, including free cash flow growth of 266%, indicate robust operational performance and promising future guidance, attracting attention from investors focused on platform expansion and innovation.
For an in-depth examination of RBLX stock, go to TipRanks’ Stock Analysis page.
