RobloxNYSE: RBLX

CNBC's Steve Kovach with Roblox CEO David Baszucki, joins 'Power Lunch' to discuss the company's earnings beat, child safety and Hindenburg short.

Roblox shares surged following the online-gaming company's third-quarter results Thursday.

Despite the S&P 500 falling by over 1.3% on the morning of Halloween, some stocks have reason to celebrate their strong price action to beat most – if not all – of other peers in the stock market. Today, it is Roblox Co. NYSE: RBLX that announced its latest quarterly earnings results, the reason why markets reacted by sending the stock to a new 52-week high.

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Roblox Corporation (NYSE: RBLX) resulting from allegations that Roblox may have issued materially misleading business information to the investing public.

Roblox reported a blockbuster Q3'24 with bookings growth soaring 35%, over $100 million above analyst targets. The mobile gaming platform is now a cash flow generation machine despite headlines of large GAAP losses. Despite the jump to $50, the stock is still cheap at 6x forward EV/S targets, especially with the opportunity for bookings growth to continue topping 30%.

Roblox Corporation (NYSE:RBLX ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Stefanie Notaney - Senior Director, Financial and Corporate Communications David Baszucki - Founder and Chief Executive Officer Mike Guthrie - Chief Financial Officer Conference Call Participants Thomas Champion - Piper Sandler Andrew Crum - Stifel Clark Lampen - BTIG Cory Carpenter - JPMorgan Andrew Marok - Raymond James Matthew Cost - Morgan Stanley Brian Pitz - BMO Capital Markets Omar Dessouky - Bank of America Jason Bazinet - Citigroup Operator Good morning. My name is Amy and I will be your conference operator for today.

Roblox reports bookings of $1.13 billion for the third quarter versus analysts' expectations of $1.03 billion.

Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds, sending its shares up around 7% in premarket trading.

NEW YORK, NY / ACCESSWIRE / October 31, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Roblox Corporation ("Roblox" or the "Company") (NYSE:RBLX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.