Roblox Corporation Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 and Updates Earnings Guidance for the Year Ending December 31, 2024
May 09, 2024 at 08:00 am EDT
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Roblox Corporation provided earnings guidance for the second quarter Ending June 30, 2024 and updated earnings guidance for the year ending December 31, 2024. For the second quarter 2024, the company expects revenue to be between $855 million and $880 million. Consolidated net loss to be between $267 million and $265 million.
For the year, the company now expect revenue to be between $3,450 million and $3,525 million. Consolidated net loss to be between to be $1,096 million and $1,044 million.
Roblox Corporation operates a free to use immersive platform for connection and communication (Roblox Platform), where every day, people come to create, play, work, learn, and connect with each other in experiences built by its global community of creators. It operates the Roblox Platform as live services that allow users to play and socialize with others for free. Its platform consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud. Roblox Client is the application that allows users to seamlessly explore 3D immersive experiences. Roblox Studio is the free toolset that allows developers and creators to build, publish, and operate three dimensional (3D) immersive experiences and other content accessed with the Roblox Client. Roblox Cloud includes the services and infrastructure that power its Platform. It offers developers and creators the ability to build engaging, immersive experiences and marketplace items that they can easily share with the Roblox community.
Roblox Corporation Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 and Updates Earnings Guidance for the Year Ending December 31, 2024
ROBLOX CORPORATION 
