Why Roblox Stock Suddenly Jumped This Morning
On Tuesday, video game platform Roblox (NYSE: RBLX) published its key performance metrics for the month of December, and the numbers looked surprisingly good. That's why Roblox stock was up 12% as of 11 a.m. ET.
Roblox is unusual in that it releases key metrics every month, in contrast to the more common corporate practice of releasing data once per quarter. For December, management said that daily active users (DAU) were up 18% year over year, hours engaged on the platform were up 21%, and estimated bookings were up by 17% to 20%.
To emphasize these results, Roblox had 61.5 million DAUs in December, up 8% just since November. This was also a record number for Roblox.
Source Fool.com
