Roblox shares have skyrocketed in nearly a year. The company shared a report on Q3 bookings that exceeded analysts’ expectations, boosting the financial forecast for the whole year.
According to a Bloomberg report, Roblox reported $1.1 b in bookings in the past three months ending September 30th. The extent of sales has risen 34% higher than last year. Moreover, this has also outdone analyst’s expectations of $1 b including the company’s prediction.
Roblox now anticipates the forecast for the Q4 bookings between $1.34 b to $1.36 b. This makes the whole year forecast which was initially $4.18 billion to $4.23 billion, now increased to $4.34 b to 4.37 b.
At 9:51 am in New York, the shares of the California-based company also rose to 15.7% making it $49.93, the record high in nearly a year.