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Shares of Roblox Corp. surged to a record high on Thursday after the video game maker reported higher user numbers and bookings than analysts had expected.
User and engagement numbers were also strong for gaming platform Roblox, with daily active users up 41% year over year, and hours engaged up 58%.
Roblox has broken the record for the most concurrent users on a platform. And it’s all thanks to two huge games.
Despite the lackluster financial numbers, Roblox's bookings of $1.44 billion, daily active users of 111.8 million, and 27.4 billion engagement hours were all above estimates.