News Formal

Roblox stock surges after results, company slows hiring - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 68%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

'We made a lot of investment in human capital over the last few years,' one official said.'This year, we're slowing down the rate of hiring.'

Roblox Corp. shares charged ahead Wednesday, after the video game maker said that its user base grew around the world, and it reported healthy financial results.

Roblox reported a wider fourth-quarter net loss of $291.5 million, which amounts to 48 cents a share, compared with a net loss of $147.3 million, or 25 cents a share, in the year-ago quarter. Revenue ticked up 2% to $579 million. "I want to highlight that underneath all of this progress, we focus very heavily on key drivers around sign-ups, retention, frequency, engagement and monetization," CEO David Baszucki said on the earnings call."And all of these numbers continue to be near or at all-time highs, even as we've emerged from Covid. Long term, we remain singularly focused on ushering in this new category numbers of communication.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sons & Daughters chef backs veterans' new restaurant - San Francisco Business TimesTwo Sons & Daughters stalwarts are launching a new project with investment from the Michelin-starred and James Beard-awarded chef.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Roblox stock surges after results, company slows hiring - Silicon Valley Business JournalRoblox stock jumped 25% after the company reported earnings. Despite the better-than-expected fourth-quarter results, executives said the company will slow hiring.
Source: svbizjournal - 🏆 334. / 59 Read more »