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Why Roblox Stock Is Climbing Today

TheMotleyFool

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Why Roblox Stock Is Climbing Today: https://g.foolcdn.com/editorial/images/720924/gettyimages-1313939390.jpg

Shares of the video game platform Roblox (NYSE: RBLX) soared today after the company reported a smaller-than-expected loss in the fourth quarter and beat Wall Street's average estimate for bookings.

The video game stock was up a staggering 24% as of 12:41 p.m. ET on Wednesday.

Roblox reported an adjusted loss of $0.48 per share, which was worse than its loss of $0.25 in the year-ago quarter but still better than analysts' consensus estimate for a loss of $0.52 per share.

Source Fool.com

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