Earnings

Roblox (RBLX) earnings Q1 2021

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The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.

NYSE

Roblox shares rose as much as 5% in after-hours trading, following the release of the company’s first earnings report since it went public in a direct listing in March.

Here’s how the company did:

  • Loss: 46 cents per share
  • Revenue: $387 million, up 140% from a year ago.

The company’s net loss for the quarter was $134.2 million.

The gaming app for kids has surged in popularity during the coronavirus pandemic, as schools shut down and sports teams suspended games. This translated to a successful stock market debut in March, with shares…



Source cnbc.com

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