Roblox (RBLX) Stock Retains Outperform Rating After Earnings

TLDR Oppenheimer maintained its Outperform rating on Roblox stock after the second-quarter results. Roblox reported $1.56 billion in bookings, an 8% increase from the previous year. Revenue rose 36% year-over-year to $1.47 billion. Daily active users increased 10% to 123 million, while engagement reached 29 billion hours. Free cash flow totaled $294 million, while adjusted [...]

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