Roblox stock soars 10% after revenue beat, strong user growth
Roblox stock soared 10% on Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year over year, and hours engaged at 27.4 billion, up 58%. StreetAccount expected 106 mil