Roblox Soars After Bookings, Revenue Beat Estimates
- Bookings jumped 20% to $839.5 million from a year earlier
- Earnings beat marks comeback for stock that plunged in August
The earnings beat marks a comeback for a stock that plunged in August after disclosing surprising misses in users and active playing time.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Roblox Corp., the video-game platform popular among teenagers, surged by the most in almost nine months after reporting third-quarter bookings and revenue that far exceeded Wall Street’s projections.
Bookings jumped 20% to $839.5 million from a year earlier, the San Mateo, California-based company said Wednesday, surpassing the $822 million that analysts had estimated. The company’s popularity among young adults delivered Roblox $81.1 million in adjusted earnings before interest, taxes, depreciation and amortization, also exceeding expectations.