Roblox jumps to 2-month high as the games platform posts rise in monthly bookings – Yahoo Canada Finance

Roblox jumps to 2-month high as the games platform posts rise in monthly bookings – Yahoo Canada Finance

Roblox shares finished at their strongest price in more than two months on Tuesday.
The 12% rally was sparked by the December bookings report from the online games platform.
Bookings, the company’s way of keeping tabs on its Robux currency, rose by up to 20% last month.
Roblox shares surged to their highest in two months on Tuesday after an upbeat monthly metrics update, but such updates will be coming to an end from the online gaming platform.
The stock finished the day up by 12% at $37.12, the best close since early November. During the session, it charged up as much as 15% to $38.30, its highest price since November 15.
Tuesday’s rally was set off after the company, whose platform hosts user-created games, said daily active users last month increased by 18% year over year to 61.5 million. The user count built on a 15% increase posted for November.
Also according to the December 2022 update, estimated bookings were up 17% to 20% from a year earlier to a range of $430 million and $439 million. Bookings are Roblox’s way of monitoring revenue from its Robux currency that players spend on accessories, clothing, and other items to upgrade their experience on the platform.
Hours engaged also rose last month, by 21% to 4.7 billion from the same period a year ago. More time spent on the platform and bookings growth may bode well for the company’s fourth-quarter earnings report due on February 13.
Roblox on Tuesday estimated December revenue between $189 million and $199 million, a decline of between 1% to 6% year-over-year. Dollar strength may have reduced revenue by about 1% from a year ago, Roblox said.
The company also said it will stop publishing monthly metrics, with the last report due in April for March’s performance. After that, key metrics will be published on a quarterly basis.
“While we think that has provided incremental information to investors regarding the seasonality of the business, we have decided to cease providing monthly metrics to align our reporting cadence with our value of taking the long view,” it said.
Roblox stock sank by 72% in 2022 as tech and consumer discretionary shares were hit by worries about higher interest rates and the impact of high inflation and recession concerns on consumer spending.
Read the original article on Business Insider
The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive stimulus programme amid mounting inflationary pressure. The surprise decision sent the yen skidding against other currencies and bond yields tumbling the most in decades, as investors unwound bets they made anticipating the central bank would overhaul its yield control policy. Instead of changing its stimulus programme, the BOJ crafted a new weapon to prevent long-term rates from rising too much – a move some analysts took as a sign Governor Haruhiko Kuroda will hold off on making big policy shifts during the remaining months of his term, which ends in April.
Yahoo Finance Live co-hosts Dave Briggs and Seana Smith check out several trending stocks following mixed market closings after Tuesday's bell.
Hinge will test a $60 premium tier for "highly motivated daters" while Tinder is reportedly testing interest in a $500 version of its app.
Indonesia is finalising agreements with China's automaker BYD Group and U.S. carmaker Tesla to invest in electric vehicle (EV) production facilities in the Southeast Asian country, a senior cabinet minister said on Tuesday. Indonesia is aggressively promoting investment into batteries and EVs at home to take advantage of its rich nickel resources.
SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was "overly bullish". "If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci told the Reuters Global Markets Forum in Davos, Switzerland. January's crypto rally could be sustained as 2023's "halving", when the number of new bitcoins released is cut in half, will constrain supply and drive prices higher, he said.
A recent uptick in borrowing at a central bank facility that has historically provided emergency credit is likely tied to small bank liquidity management, a report from the Federal Reserve Bank of New York said Tuesday. The Fed research was taking stock of a recent rise in borrowing at the central bank’s Discount Window, which had left many analysts scratching their heads. For most of its history discount window usage has been seen as a sign of trouble and banks have shunned it, but the Fed has over recent years tried to erase the stigma factor, to uncertain impact.
Forests Ontario's Annual Conference in Alliston, Ontario on February 16 and 17, 2023, aims to inspire collective action via a diverse lineup of speakers headlined by rocket scientist, adventurer, and advocate for women in technology Natalie Panek.
BEIJING/PARIS (Reuters) -Renault SA and China's Geely Automobile Holdings are working to finalise a deal to bring Saudi Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said. The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in a previously announced but still-unnamed Geely-Renault powertrain technology company that the automakers are working to establish, the three people told Reuters. Big oil firms have worked with automakers to develop sustainable fuels and hydrogen engines in recent years.
Amazon has reclaimed top spot as the world's most valuable brand despite its brand value falling 15% from US$350.3 billion to US$299.3 billion, according to a new report from leading brand valuation consultancy, Brand Finance.
Many will be unable to pay the high cost of utilities and energy that will follow from the plan
Over the next few weeks, Canadian teams competing in Phase 2 of the Deep Space Food Challenge, a competition to develop new technologies to produce food for future space missions, will meet with members of the jury to present their prototypes.
'This pro-competitive transaction has been delayed long enough and must be allowed to proceed'
Vietnam risks missing a self-established 2025 deadline to complete reforms that would enable it to upgrade its stock market to emerging economy status and attract billions of dollars in investments, three officials told Reuters. The delays have been caused by infighting between state institutions about key reforms, including on settlements and companies' foreign ownership, the officials said, as the overhaul would increase supervisory tasks in a typically risk-averse nation. The main bourse, the Ho Chi Minh City Stock Exchange, is the smallest among the main Southeast Asian economies, with a market capitalisation of about $180 billion, less than half that of Malaysia's. It was one of the world's worst performers last year, with a drop of more than 30% caused largely by turmoil in the property sector.
These two top dividend stocks are exactly what TFSA investors need these days, with payments that come out each and every month. The post TFSA Investors: Earn $60/Month With These 2 Top Dividend Stocks appeared first on The Motley Fool Canada.
Shares of Tencent Holdings, the world's largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China's video games regulator granted the first gaming licences in 2023, further easing an industry crackdown. Tencent's shares rose as much as 1.7% in early trade before paring gains, while NetEase's stock jumped as much as 5.8% to its highest in more than four months. The granting of publishing licences to 88 online games on Tuesday is the latest sign that a regulatory clampdown that began in August 2021 and took a heavy toll on the world's largest gaming market is ending.
(TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce its full-year 2022 production results and to provide an operational update. The Company's production is attributed to its fifty per cent shareholding in Prime Oil & Gas Coöperatief U.A. ("Prime"). View PDF version.
Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) (FRA: AZ0) ("PBFG", "Planet Based Foods" or the "Company") is pleased to announce that the Company has entered into a pair of definitive agreements with renowned supermarket chains, Quality Food Centers (or "QFC") and Fred Meyer (collectively known herein as the "Supermarkets").
LG Electronics (LG) has announced the final winner of its LIFE'S GOOD AWARD, supporting global innovators taking on challenges to help create a Better Life for All. The Grand Prix was awarded to Dot Inc. from South Korea.
Have you considered investing in a telecom like BCE (TSX:BCE)? Despite a recent dip, here’s why BCE is worth the risk. The post Why BCE Is Worth the Risk appeared first on The Motley Fool Canada.
ABU DHABI, United Arab Emirates (AP) — South Korean President Yoon Suk Yeol said Monday that his nation's efforts to be carbon neutral by 2050 would rely in part on returning to nuclear power, even though his predecessor had tried to move away from atomic power. Yoon's comments at a summit in the United Arab Emirates, made in front of the country's leader, Sheikh Mohammed bin Zayed Al Nahyan, served to underline Seoul's commitment to nuclear power as it works to finish the Arabian Peninsula's fi


Apk Bazar

Leave a Reply

Your email address will not be published. Required fields are marked *