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Roblox Corp misses quarterly revenue estimates By Reuters

© Reuters. FILE PHOTO: The Roblox logo is displayed on a banner, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid
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(Reuters) – Video games developer Roblox Corp missed Wall Street estimates for quarterly revenue on Wednesday, as users curtailed spending and ditched online games for outdoor activities.

The company’s revenue grew 2% to $517.7 million in the third quarter ended Sept. 30. Analysts polled by Refinitiv were expecting revenue of $686.3 million.

Story Credit: investing.com

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