Roblox Corp. has reported third-quarter bookings that exceeded analysts' expectations, reaching $1.1 billion, which represents a 34% increase compared to the previous year.
The positive financial outcome can be attributed to the continued growth in user engagement and time spent on the platform.
Looking ahead, Roblox expects fourth-quarter bookings to range between $1.34 billion and $1.36 billion, indicating that the company's business operations are maintaining their momentum.