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Roblox Rallies on Surge in Video-Game Platform's Bookings

  • Forecasts revenue increase of as much as 15% from a year ago
  • Stock up as much as 23% Monday, adding more than $4b in value


Photographer: Gabby Jones/Bloomberg
Updated on

Roblox Corp. shares surged 20% on Monday, their biggest one-day jump since November, after the video game platform forecast a significant jump in September bookings as users spent more time on its games. 

Bookings are expected to be between $212 million and $219 million, up as much as 15% from a year earlier, the San Mateo, California-based company said. That figure includes revenue, deferred revenue and other adjustments, and defied a stronger US dollar that dampened results from outside the country.