The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.
Shares of video-game company Roblox soared as much as 35% in extended trading on Monday after the company reported third-quarter results that impressed analysts.
Here’s how the company did:
Earnings: Loss of 13 cents per share.Revenue (bookings): $637.8 million, adjusted, vs. $636.5 million as expected by analysts, according to Refinitiv.
Bookings grew 28% year over year in the quarter. Revenue excluding deferred revenue came in at $509.3 million, up 102% year over year, according to a statement. In the previous quarter revenue had grown 127%.
The company’s net loss widened to $74 million from $48.6 million in the year-ago quarter.
Roblox said it had over 47.3 million average daily active users in the third quarter, up 31% year over year and up from 43.2 million in the second quarter.
The game was unavailable between Oct. 28 and Oct. 31, a period that falls in the company’s fourth quarter. The incident resulted in a decline in actual daily active users, as well as $25 million in lost bookings, not including $6 million in bookings that arrived during the outage for which Roblox developers didn’t receive compensation, according to a letter to shareholders.
Executives will discuss the results with analysts on a conference call at 8:30 a.m. ET on Tuesday.
The after-hours move gave Roblox stock a premium of more than 60% from the $64.50 price it started trading on the New York Stock Exchange in March following a direct listing.
This is breaking news. Please check back for updates.
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