Roblox shares up more than 30% after strong earnings report

▤ Summary

The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. Shares of Roblox continued to rocket Tuesday, a day after the video game company reported strong third-quarter financial results. "Historically, October has been the smallest month of 4Q, providing further confidence around our 4Q assumptions," Stifel analysts wrote in a note Monday. Still, Roblox beat Wall Street expectations when it came to revenue, or bookings. "Its clear that even as users revert back to pre-pandemic routines and behaviors, Roblox remains an important part of their day," executives wrote in a letter to shareholders.

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