Analysts polled by FactSet forecast Roblox fourth-quarter bookings of $1.37 billion. "Roblox Shares Dive as 4Q Bookings, User Numbers Miss Street Views" at 0858 ET incorrectly said analysts had forecast revenue of $1.37 billion. The correct version follows:

By Josée Rose

Roblox shares tumbled Thursday after the online videogame platform posted quarterly growth in bookings and daily users below market expectations.

The San Mateo, Calif., company also posted a narrower fourth-quarter loss as revenue rose.

Shares sank as much as 30% in premarket trading, and were recently down 20% at $60.45.

Bookings for the quarter rose 21% to $1.36 billion. Analysts polled by FactSet had forecast $1.37 billion. Roblox said average daily users were up 19% to 85.3 million, while analysts were expecting 88.38 million.

Roblox posted a loss of $219.6 million, or 33 cents a share, compared with a loss of $323.7 million, or 52 cents, a year earlier. Revenue rose to $988.2 million from $749.9 million.

Roblox said average monthly unique payers were 18.9 million, up 19% year-over-year, and hours engaged were 18.7 billion, up 21%.

Looking ahead, the company expects first-quarter revenue of between $990 million and $1.02 billion, and bookings between $1.13 billion and $1.15 billion. Analysts are expecting bookings of $1.14 billion.

For the full-year, Roblox forecasts revenue between $4.25 billion and $4.35 billion and full-year bookings between $5.2 billion and $5.3 billion. Analysts are calling for bookings of $5.29 billion.

Roblox, founded in 2004, operates a free platform with millions of games and other experiences, all of which are made by its own users.

Write to Josée Rose at josee.rose@wsj.com

(END) Dow Jones Newswires

February 06, 2025 10:05 ET (15:05 GMT)

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