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Roblox Slumps After Wider Than Expected Loss in Q2

By Yasin Ebrahim 

Investing.com -- Roblox fell sharply in afterhours Tuesday after reporting a wider-than-expected loss in the second quarter as a weaker economic backdrop forced consumers to rein in spending on video games. 

Roblox (NYSE:RBLX) was down 13% in afterhours trading.

Roblox delivered a Q2 loss of 30 cents a share on revenue of $640.0 million. That compared with Wall Street estimates for a loss of 25 cents on revenue of $639.2 million.

Bookings decreased 4% to $639.9 million.

Daily active users rose 21% in second quarter year-on-year to 52.2 million and the number of hours that players spend on the app rising 16%, to 11.30 billion.

 





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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.