Roblox Jumps on December Users Rise!
Shares of Roblox jumped Tuesday !
After the company reported December metrics that owed a re acceleration in daily active users.
Tweet on Roblox share-price
Shares of @Roblox which operates like a virtual place where people play and make transactions, rose more than 15% to $38.26 in premarket trading.#ROBLOX #shares pic.twitter.com/sbViDEkTmd
— The_Journalbiz (@the_journalbiz) January 17, 2023
Factset Chart on Roblox
Shares of Roblox, which operates a metaverse-like realm, or a virtual place where people play and make transactions, rose more than 15% to $38.26 in premarket trading.
Daily active users in December were 61.5 million, up 18% from the same period a year earlier. For November, the company posted daily active users of 56.7 million, which marked year-over-year growth of 15%.
Estimated revenue for December was between $189 million and $199 million, a drop of between 1% to 6% from a year earlier as the stronger U.S. dollar held back revenue.
Shares of video game company Take-Two Interactive were relatively flat
