Roblox Corporation reported a third-quarter loss of $0.37 per share, which was narrower than the loss of $0.50 per share that analysts had anticipated. The company also posted strong revenue of $1.36 billion, a 47.9% increase from the previous year, and a 70% surge in bookings to $1.90 billion, handily beating estimates. Daily active users also grew by 70% to 151.5 million. Despite the strong quarterly results and raised guidance for full-year bookings, the company's forecast of a wider-than-expected net loss for both the fourth quarter and the full year concerned investors. This negative outlook overshadowed the positive performance metrics. In response to the guidance, Roblox shares fell significantly in pre-market trading, dropping around 6.4% as investors focused on the projected increase in losses.
Roblox Beats Q3 Estimates But Stock Falls on Forecast of Wider Losses
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