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Roblox Shares Skyrocket on Better-Than-Expected Earnings

Roblox Shares Skyrocket on Better-Than-Expected Earnings

Shares in Roblox Corp. surged after the online-entertainment company reported third-quarter earnings and disclosed metrics for the current quarter, during which it experienced a significant outage.

Roblox on Monday said revenue more than doubled to $509.3 million and bookings, which includes deferred revenue, rose 28% to $637.8 million for the quarter ended in September. Under some accounting rules, revenue from games with online components, such as spending on virtual weapons, is deferred for however long companies think players will use those items—typically six to nine months.

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