Roblox quarterly bookings miss estimates as gaming frenzy fades -Breaking
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© Reuters. FILE PHOTO A young child gazes at a Roblox banner on the New York Stock Exchange’s front façade, New York (U.S.A), March 10, 2021. REUTERS/Brendan McDermid//File Photo(Reuters) – Wall Street estimates of Roblox Corp’s quarterly bookings for Tuesday missed Roblox Corp, suggesting that the panic-driven frenzy surrounding its videogames was waning.
Bookings rose 20% to $770.1 Million in the company’s fourth quarter. Refinitiv data shows that analysts expected bookings to reach $772 million.
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