Roblox reports 34% jump in Q3 bookings and raises annual outlook as user base grows to 89 million

Roblox Corp reported a 34% increase in bookings for Q3 2024, reaching $1.13 billion, surpassing analyst expectations. Revenue grew by 29% year-on-year to $919 million, while the adjusted loss per share was 37 cents, better than the forecasted loss. The company’s average daily active users rose to 88.9 million, a 27% increase from last year. Engagement also increased, with users spending 20.7 billion hours on the platform, up 29% year-on-year. Roblox raised its annual outlook, expecting fourth-quarter bookings between $1.34 billion and $1.36 billion. The stock rose 15.3% to $49.74 in premarket trading following the earnings report.