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Roblox Stock Tanks Despite Beat-And-Raise Q3 Report

Kid-centric online service Roblox beat expectations for the third quarter and guided higher than views for the current period. But Roblox stock fell.
SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Roblox Corp. (RBLX) on Thursday reported a loss of $255.6 million in its third quarter. The San Mateo, California-based company said it had a loss of ...
Roblox shares sank 10% on Thursday as the company said it expects increased capital expenditures that could pressure margins. The gaming company said it expects capital expenditures of $468 million, ...