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1 Green Flag for Roblox Stock in 2023

1 Green Flag for Roblox Stock in 2023

Roblox (NYSE: RBLX) shares had been rallying ahead of its much-anticipated earnings update in mid-May, and the company didn't disappoint. Revenue growth was strong, and cash-flow trends impressed, even as the digital-entertainment specialist continued to book net losses. Most Wall Street headlines focused on Roblox's accelerating growth rate that has pushed sales gains up to over 20% today from a negative result a few quarters back.