Short $RBLX https://t.co/uGxl8AQTIv
Roblox CEO David Baszucki discusses how the company addresses child safety. Watch more of the interview: https://t.co/2TNLS4eau8 https://t.co/20kKmdz4XP
Roblox boasts 'exceptional' revenue and players for 2024's third quarter https://t.co/JpbPVWdKkP #gamedev #gamedevelopment #gameart #indiedev
Roku has announced it will cease reporting key user metrics, including the number of streaming households and average revenue per user, starting in the first quarter of 2025. This decision follows the company's disappointing fourth-quarter guidance, which forecasts core profit below estimates, leading to a significant drop in its stock price. Despite reporting its first $1 billion revenue quarter in Q3 2024 with a 16% year-over-year growth, Roku's shares fell by 14.4% due to lower-than-expected profit forecasts. Meanwhile, Roblox reported strong third-quarter 2024 financial results, with bookings of $1.13 billion, surpassing estimates of $1.02 billion. The company also saw an increase in daily active users to 88.9 million and raised its annual bookings forecast. Roblox's stock surged by 19% following the positive earnings report, despite ongoing concerns about child safety on the platform. Roblox's Q3 EPS was ($0.37).
