((Automatic translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Feb. 7 – **Shares of Roblox RBLX.N rose 12.9% to $45.84, as the gaming platform’s 2024 booking forecast beat expectations
**RBLX hits its highest level since late December and is on track for its highest one-day percentage gain since February 16, 2023.
** The company forecasts annual revenue, which is generated from purchases in the virtual currency game “Robusx,” to be between $4.14 billion and $4.28 billion, compared with the consensus estimate of $4.03 billion, according to LSEG.
**Q4 net bookings of $1.13 billion set a new record and beat estimates of $1.08 billion, while average daily active users rose 22% to 71.5 million
**21 out of 32 analysts rate RBLX a “buy” or “strong buy”, 6 rate it a “hold”, and 5 recommend a “sell”; Average estimate is $46.50 – LSEG
** With Wednesday’s move, shares are up 19% over the past year
