Roblox stock drops on widening losses in Q3, but other growth metrics remain strong

One of the big players in the “metaverse” space, gaming platform Roblox, saw its stock tumble by more than 15% in pre-market trading on Wednesday after reporting a wider-than-anticipated loss in its third-quarter earnings. The company, which caters to a younger demographic with its virtual-world gaming platform, reported a loss of $297.8 million, or 50 […]

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Roblox quarterly report: revenue increased by 102%, and losses — by 52.6%

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