00:00It's Benzinga bringing Wall Street to Main Street.
00:02Roblox shares surged as much as 20% in extended trading Thursday
00:06after the company reported fourth quarter results that beat Wall Street expectations,
00:11according to CNBC. The company posted a loss of $0.45 per share, narrower than the $0.48
00:17loss expected by analysts, and reported bookings of $2.22 billion, topping estimates of $2.05
00:24billion. Roblox said first quarter bookings are expected to range between $1.69 billion
00:31and $1.74 billion, above expectations of $1.68 billion. Fourth quarter bookings rose 63% year
00:40over year, while net losses widened to $316 million. Average daily active users reached 144 million,
00:48exceeding forecasts. Roblox said it completed a global H-Check rollout in January and plans
00:54to end annual guidance starting in 2027. For all things money, visit Benzinga.com.
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