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Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.
The gaming company has lost money every year it's been in business, and most analysts agree Roblox will continue losing money at least through 2029.
Roblox beat on both bookings and earnings this morning, but its stock sold off anyway. Guidance from the gaming platform company was weaker than expected. It was also too weak to support Roblox's ...
Roblox stock collapsed Thursday after the online gaming and social platform missed Wall Street's targets for users and bookings in the fourth quarter. Roblox lost 33 cents a share on bookings of ...
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