Roblox stock jumped 20% on Monday after the gaming service reported September metrics. Its daily active users increased 23% from a year-ago to 57.8 million and the hours users engaged with the platform increased 16% to 4 billion. The company estimated bookings increased between 11% and 15% to a range between $212 million and $219 million, it said The company cited foreign exchange rates,...
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Stripe’s Revenue Growth Slid Last Year as Firm Burned Through Cash
Stripe’s revenue growth fell sharply last year and the firm was unprofitable, factors the payments giant will need to navigate while planning to either go public or raise money privately in the next year. The company’s gross revenue—the amount of sales it pulls in before paying out a significant chunk to credit card companies—was $14.4 billion last year, a person...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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