Roblox Analysts Boost Their Forecasts Following Q1 Results

Roblox Corp RBLX reported a narrower-than-expected loss for its fiscal first quarter on Thursday.The company reported quarterly bookings growth of 31% year-on-year to $1.21 billion, topping the analyst consensus estimate of$1.14 billion.The video game developer reported an EPS loss of 32 cents, narrower than the analyst consensus estimate of 40 cents loss. The revenue of the American video game developer grew by 29% Y/Y to $1.04 billion.CEO David Baszucki said during the quarter, Roblox creators earned a r ...