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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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  • Jess261
    ·2022-05-11
    Okay
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  • PYM1831
    ·2022-05-11
    Expected
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  • ZenInv
    ·2022-05-11
    All high growth software stocks are sinking
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  • JaneJane
    ·2022-05-11
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    ·2022-05-11
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    ·2022-05-11
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    ·2022-05-11
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    ·2022-05-11
    B
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    ·2022-05-11
    Ok
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  • Fayedea
    ·2022-05-11
    Great
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  • SandDust
    ·2022-05-11
    Expecting weak results, but share price drop too much
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  • Michrich
    ·2022-05-11
    Ok
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  • wallflowere
    ·2022-05-11
    Damn
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    ·2022-05-11
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  • Chitz
    ·2022-05-11
    Like
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    ·2022-05-11
    Like pls 🙏 thanks
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    ·2022-05-11
    Bad
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  • Jjlim
    ·2022-05-11
    👍🏻
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  • d3schua
    ·2022-05-11
    Comment and like
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