Roblox Corporation (RBLX) shares soared 28.19% in after-hours on Monday, November 08, 2021, and closed the daily trading at $98.71. However, in the regular trading session, RBLX’s stock lost 1.27%. The stock volume remained 14.79 million shares. RBLX shares have moved down 5.10% in the past week. Over the past three months, the stock has lost 9.50%, while over the past six months, it has declined 0.84%.
Let’s have a brief discussion about its latest news and developments.
RBLX latest announcement
On November 08, 2021, Roblox Corporation (RBLX) released its third-quarter 2021 financial results.
Q3 2021 financial highlights
- RBLX reported total revenue of $509.3 million in Q3 2021 compared to $251.9 million in Q3 2020.
- Total cost and expenses were $586.78 million in Q3 2021 compared to $303.43 million in Q3 2020.
- It suffered a net loss of $74.0 million in Q3 2021 compared to a net loss of $50 million in Q3 2020.
- Adjusted EBITDA was $135.67 million in Q3 2021 compared to $161.04 million in Q3 2020.
RBLX upcoming investor day
Roblox Corporation (RBLX) will host its 2021 Investor Day event on November 16, 2021. The company’s founder and CEO David Baszucki and other members of the leadership team will discuss Roblox’s most recent product and technology innovations and long-term metaverse vision.
RBLX offering of Senior Notes
On October 27, 2021, Roblox Corporation announced the pricing of $1.0 billion aggregate principal amount of its 3.875% senior notes due 2030. The Notes are being offered to qualified institutional buyers. The Notes offering is expected to close on October 29, 2021. Interest on each series of the Notes will be payable in cash semi-annually in arrears, beginning on May 1, 2022.
RBLX and Insomniac collaboration
On October 20, 2021, Roblox (RBLX) and electronic music event promoter and producer Insomniac brought the world’s largest dance music festival, Electric Daisy Carnival (EDC), to the metaverse. EDC Las Vegas 2021 became the first music festival which was held on Roblox.
RBLX launched Listening Parties
On September 24, 2021, Roblox (RBLX) announced the first Roblox Listening Party, which is the latest innovation in music in the metaverse. Artists now can premiere a new album in select top experiences giving them access to millions of fans who can listen to their music while they play and hang out with their friends. Poppy was the first artist to host a Listening Party on the platform with the debut of her new album, Flux.
Conclusion
RBLX stock surged in the after-hours after the company announced impressive Q3 2021 financial figures. We can expect it to continue its positive momentum on Tuesday as well.
