Why Roblox Stock Soared Today

Why Roblox Stock Soared Today

Shares of Roblox (NYSE: RBLX) surged on Tuesday after the popular video game platform operator delivered strong first-quarter results. Roblox's revenue rocketed 140% year over year to $387 million. The gains were fueled by a 79% rise in average daily active users (DAUs) to 42.1 million, and a 98% increase in the number of hours gamers spent on Roblox's platform to 9.7 billion.