Why Roblox Shares Are Rising Today

Roblox Corp (NYSE: RBLX) is trading significantly higher Tuesday after the company announced better-than-expected third-quarter earnings results. Roblox reported a quarterly earnings loss of 13 cents per share, which beat the estimate for a loss of 14 cents per share. The company reported quarterly revenue of $509.3 million, representing a 102% increase year-over-year. Roblox said daily active users in the third quarter totaled 47.3 million, representing an increase of 31% year-over-year. The co

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