: Roblox’s stock falls as losses expand, bookings come up short

Roblox Corp. shares RBLX were falling nearly 8% in Wednesday’s premarket trading after the gaming company fell short of bookings expectations for the second quarter and saw its losses swell. The company logged a net loss of $283 million, or 46 cents a share, compared with a loss of $176 million, or 30 cents a share, in the year-prior period. Analysts tracked by FactSet were anticipating a 44-cent loss per share. Revenue rose to $680.8 million from $591.2 million, while analysts were looking for $665.9 million. Bookings increased 22% to $780.7 million, though analysts were modeling $787 million. “During the quarter, we also built the plans that we believe will enable us to generate operating leverage against infrastructure and trust & safety spend starting next quarter and against compensation expense starting in the first quarter of 2024,” Chief Financial Officer Michael Guthrie said in a release.

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