Roblox misses quarterly expectation for bookings

FAN Editor

August 16, 2021

(Reuters) – Roblox Corp missed Wall Street estimates for quarterly bookings on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games including “Jailbreak” and “MeepCity”.

The company posted a 35% rise in bookings to $665.5 million for the second quarter ended June 30. Analysts had expected bookings of $683.3 million, according to IBES data from Refinitiv.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Arun Koyyur)

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