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Roblox stock rises

Shares of Roblox jumped Wednesday morning!

That after the videogame company reported key metrics for the holiday quarter that beat the Street’s consensus estimates.

Tweet on Roblox

Factset Chart on Roblox 

The shares were recently up nearly 25%, on pace for their biggest daily increase since a 42% jump in November 2021. They’re up more than 50% this year.Net bookings rose 17% to $899.4 million, while adjusted earnings before interest, taxes, depreciation and amortization rose 9% to $183 million.

Analysts polled by FactSet on average were expecting $867 million in net bookings and $99 million in adjusted EBITDA, respectively.

Average daily users remained flat sequentially at 58.8 million but rose 19% from a year earlier