Roblox: Q1 Earnings Snapshot

May 10, 2022 GMT

SAN MATEO, Calif. (AP) _ Roblox Corp. (RBLX) on Tuesday reported a loss of $160.2 million in its first quarter.

The San Mateo, California-based company said it had a loss of 27 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The online gaming platform posted revenue of $537.1 million in the period. Its adjusted revenue was $631.2 million, which also missed Street forecasts. Six analysts surveyed by Zacks expected $643.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBLX at https://www.zacks.com/ap/RBLX