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State of New Jersey Common Pension Fund D cut its holdings in Roblox Co. (NYSE:RBLX – Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,665 shares of the company’s stock after selling 8,883 shares during the period. State […]
In a recent disclosure of its Q4 2023 financials, Roblox, the user-generated content platform, showcased robust growth in revenues but grappled with significant losses.
Roblox Co. (NYSE:RBLX – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has […]
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In a positive sign for the gaming industry, the global video game market is anticipated to grow 2.8% this year, as it expects robust sales of Microsoft's Xbox and Sony's PlayStation 5 consoles, according to research firm NewZoo.
Gaming platform Roblox forecast annual bookings above estimates on Wednesday after it crossed $1 billion in quarterly bookings for the first time on higher in-game spending during the holiday season, sending its shares up 15% before the bell. In a positive sign for the gaming industry, the global video game market is anticipated to grow 2.8% this year, as it expects robust sales of Microsoft's Xbox and Sony's PlayStation 5 consoles, according to research firm NewZoo. Roblox forecast annual bookings, generated from in-game purchases of virtual currency "Robux", between $4.14 billion and $4.28 billion, above the estimate of $4.03 billion, according to LSEG data.