Roblox Corp. shares charged ahead Wednesday, after the video game maker said that its user base grew around the world, and it reported healthy financial results.
Roblox reported a wider fourth-quarter net loss of $291.5 million, which amounts to 48 cents a share, compared with a net loss of $147.3 million, or 25 cents a share, in the year-ago quarter. Revenue ticked up 2% to $579 million. "I want to highlight that underneath all of this progress, we focus very heavily on key drivers around sign-ups, retention, frequency, engagement and monetization," CEO David Baszucki said on the earnings call."And all of these numbers continue to be near or at all-time highs, even as we've emerged from Covid. Long term, we remain singularly focused on ushering in this new category numbers of communication.
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