Roblox Shares Slid 3% in Premarket Trading

Tiger Newspress2022-05-11

Roblox Shares Slid 3% in Premarket Trading.

Roblox missed estimates for quarterly bookings, as demand for its online games waned with kids returning to school.

Easing of restrictions and a reopening economy has affected bookings for pandemic winner Roblox, one of the world's most popular gaming sites for children, as kids now spend more time outdoors.

The San Mateo, California-based company posted a 3% fall in first-quarter bookings to $631.2 million. Analysts had expected $644.8 million, according to IBES data from Refinitiv.

The company generates most of its money from virtual currency "Robux", which players can purchase to spend in-game on upgrading avatars with items like outfits, accessories and pets.

Net loss attributable to common stockholders widened to $160.2 million, from $134.2 million a year earlier.

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Comments

Bspn
2022-05-11
Bspn
Ok
Henryee18
2022-05-11
Henryee18
Gg
GggSlimeR
2022-05-11
GggSlimeR
Oh my... buy?
cjgoh
2022-05-11
cjgoh
Zz z as

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Analysts had expected $644.8 million, according to IBES data from Refinitiv.</p><p>The company generates most of its money from virtual currency &#34;Robux&#34;, which players can purchase to spend in-game on upgrading avatars with items like outfits, accessories and pets.</p><p>Net loss attributable to common stockholders widened to $160.2 million, from $134.2 million a year earlier.</p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roblox Shares Slid 3% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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