Roblox quarterly bookings miss estimates -Breaking
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© Reuters. FILE PHOTO. This banner was placed on the New York Stock Exchange front facade in New York to commemorate Roblox’s IPO. REUTERS/Brendan McDermid(Reuters) – Roblox Corp’s quarterly bookings missed expectations on Tuesday due to lower demand as kids return to school following the end of pandemic curbs.
This company is one of the most well-known gaming websites for kids in the world. It saw a 33% drop in bookings during its first quarter to $631.2 Million. Refinitiv data shows that analysts expected to see $644.8 millions.
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