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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

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