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Why Roblox Stock Skyrocketed This Week

Why Roblox Stock Skyrocketed This Week

Week to date, shares of Roblox (NYSE: RBLX) were up 13.8% through Thursday's closing price, according to data provided by S&P Global Market Intelligence. Earlier in the week, the gaming platform announced first-quarter earnings results. It beat the consensus analyst estimate for bookings (a non-GAAP measure of revenue).