Roblox Shares Soar on Forecast Boost, Strong User Engagement
- Roblox reported 88.9 million daily active users in the quarter
- Quarterly bookings rose 34% to $1.1 billion, topping estimates
The Roblox website on a laptop.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Roblox Corp. shares rose the most in nearly a year after the video-game company reported third-quarter bookings that beat analysts’ expectations and boosted its guidance for the full year, as the platform’s user base surged.
The San Mateo, California-based company reported $1.1 billion in bookings in the three months ended Sept. 30, a measure of sales, that were 34% higher than a year earlier. That beat analysts’ average estimate of $1 billion and the company’s own projections.