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David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California.
Patrick T. Fallon | AFP | Getty Images
Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’ estimates.
Here’s how the company did:
- Earnings: Loss of 27 cents, vs. loss of 21 cents as expected by analysts, according to Refinitiv.
- Revenue: $631.2 million, vs. $645 million as expected by analysts, according to Refinitiv.
The revenue figure is what Roblox calls bookings, which include sales recognized during the quarter and deferred revenue.
Bookings declined by 3%…
Source cnbc.com
