SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Roblox Corp. (RBLX) on Thursday reported a loss of $183 million in its second quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 26 cents.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.
The online gaming platform posted revenue of $1.47 billion in the period. Its adjusted revenue was $1.56 billion, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $1.59 billion.
For the current quarter ending in September, Roblox said it expects revenue in the range of $1.58 billion to $1.65 billion.
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