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

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'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.

 

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