Roblox Corp on Wednesday topped quarterly bookings estimates on Wednesday, as a wider audience swarmed to the platform for games such as 'Adopt Me!' and 'Pet Simulator X', pushing the company's shares up nearly 4% in morning trading.
"April was really strong with the Easter holiday. And June is strong because school is out and it's the start of the summer. And summer is always a big time for the platform as it is for lots of companies," said Chief Financial Officer Michael Guthrie.
However, adjusted loss of 44 cents per share was bigger than analysts' expectation of 40 cents loss per share, according to Refinitiv data.
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