Roblox recorded bookings of $637.8 million in the quarter, beating analysts' expectations of $636.5 million, according to Refinitiv. That represented a 28% jump compared with the same quarter in 2020. Average daily active users checked in at 47.3 million in Q3, a 31% year-over-year increase.
Some bearish investors bet against Roblox's stock using a strategy known as short-selling because they expected booking and engagement growth to moderate, especially given the company faced challenging year-over-year comparisons.
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