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entertainment markets

Roblox Shares Fall in After-Hours Trading Following Earnings Announcement

By
Mathew Olson
· · Source: The Information

Roblox’s revenue in the fourth quarter increased over both the previous quarter and was up 83% over the same period in 2020, but the gaming and metaverse platform’s still-strong user growth is far below what it experienced during the height of the Covid-19 pandemic. Roblox shares dropped over 13% in after-hours trading. Roblox reported fourth quarter losses of $143.3 million. Roblox’s revenue...

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