
Roblox Stock Jumps 12% as December 2022 Metrics Report Shows Increase in Bookings
The company’s stock has increased more than 30% since the year started and has grown 36.52% over the past month.
The company’s stock has increased more than 30% since the year started and has grown 36.52% over the past month.
Roblox posted sound figures in its recently-released September 2022 metrics report, although not as sound as that from August.
Roblox will continue to invest in strategic areas that will trigger growth and monetization.
The pandemic-driven demand for Roblox has cooled down which has resulted in some pressure on its revenue stream. Roblox says its will explore opportunities in the “metaverse” theme.
Online gaming giant Roblox had a feeble Q4 report which resulted in the worst day ever performance of its stock.
Roblox noted that bookings increased by 28% from the third quarter of 2020 to $637.8 million.
Roblox stock has been trading for just one month after the long-awaited initial public offering conducted last month.
Roblox investors are closely monitoring the coronavirus vaccine development as it will significantly affect the company’s gains.