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00:03Roblox reported second quarter results that beat earnings expectations,
00:06while revenue matched estimates, according to Benzinga.
00:09The company reported a quarterly loss of $0.26 per share,
00:13compared with expectations for a loss of $0.30 per share.
00:17Revenue came in at $156 billion meeting expectations.
00:21Average daily active users increased 10% year-over-year to $123 million,
00:25while hours engaged rose 5% to $29 billion.
00:29Average monthly unique payers climbed 15% to $27 million,
00:33and bookings increased 8% to $1.6 billion.
00:36Roblox reported a consolidated net loss of $185 million.
00:40CEO David Bazzucchi said the company remains focused on capturing 10% of the global gaming market
00:45after posting year-over-year growth in users and engagement.
00:49Shares fell nearly 12% in Thursday's extended trading, according to data from Benzinga Pro.
00:54For all things money, visit Benzinga.com.
