Roblox Corp misses quarterly revenue estimates

Roblox Corp misses quarterly revenue estimates

Video games developer Roblox Corp missed Wall Street estimates for quarterly revenue on Wednesday, as users curtailed spending and ditched online games for outdoor activities.

The company’s revenue grew 2 per cent to $517.7 million in the third quarter ended Sept. 30. Analysts polled by Refinitiv were expecting revenue of $686.3 million.

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