Roblox Quarterly Bookings Miss Estimates

Reuters2022-05-11

May 10 (Reuters) - Roblox Corp missed estimates for quarterly bookings on Tuesday, as demand for its online games waned with kids returning to school after pandemic curbs ease.

Roblox shares fell 4.6% in extended trading Tuesday.

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

Jess261
2022-05-11
Jess261
Okay
PYM1831
2022-05-11
PYM1831
Expected
ZenInv
2022-05-11
ZenInv
All high growth software stocks are sinking
JaneJane
2022-05-11
JaneJane
🤦🏻‍♀️
MicroStrategist
2022-05-11
MicroStrategist
📉📉📉📉📉📉📉📉📉📉
dzgunners95
2022-05-11
dzgunners95
Nice

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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></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234649371","content_text":"May 10 (Reuters) - Roblox Corp missed estimates for quarterly bookings on Tuesday, as demand for its online games waned with kids returning to school after pandemic curbs ease.Roblox shares fell 4.6% in extended trading Tuesday.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. 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