Roblox reveals bookings surge in first post-debut report

Bengaluru: Roblox Corp on Monday trounced quarterly bookings estimates in its first earnings report since a blockbuster debut as the US gaming company benefited from a surge in spending by kids stuck at home due to the pandemic. Shares were last up 5% in choppy extended trading, set to add to the 42% gains following the debut in March.

The company, famous for its games ‘Jailbreak’ and ‘MeepCity’, reported a 161% jump in bookings to $652.3 million in the first quarter. Analysts had expected bookings—primarily the value of virtual currency that users purchased on the platform—of $504.6 million, according to Refinitiv IBES data.