Shares in Roblox Corp. surged after the online entertainment company reported third-quarter earnings and disclosed metrics for the current quarter, during which it experienced a significant outage.
Roblox on Monday said revenue more than doubled to $509.3 million and bookings, which includes deferred revenue, rose 28% to $637.8 million for the quarter ended in September. Analysts polled by FactSet were expecting bookings of $636.5 million. Roblox widened its loss to $74 million, up from $48.6 million a year earlier, due to increased spending on efforts to grow its business during the quarter. Analysts had been expecting a loss of $86.2 million.
