Roblox Corp (NYSE:RBLX) shares surged more than 12% as the game creation platform’s second quarter bookings topped high Wall Street expectations.
The company reported a 51% year-over-year surge in bookings at $1.44 million, which was above estimates of $1.26 billion.
Revenue of $1.08 billion, up 21% from the year-ago quarter, was slightly below estimates of $1.1 billion.
However, the company’s adjusted net loss per share of $0.41 was worse than the $0.36 loss per share expected.
Average daily users added 41% from the year-ago quarter to $111.8 million, while hours engaged were 27.4 billion, up 58% year-over-year.
The company also raised its full-year bookings outlook to between $5.87 billion and $5.97 billion, up from earlier estimates of $5.29 billion to $5.36 billion.
The company also guided Q3 bookings in the range of $1.59 billion and $1.64 billion, above the consensus of $1.42 billion.
“Our Q2 2025 results demonstrate broad-based strength across the Roblox platform, fueled by the emergence of several viral experiences,” Roblox CEO David Baszucki said.
“We are encouraged by the momentum across Roblox as we look to capture 10% of the global gaming content market flowing through our platform.”
Shares of Roblox added 12.3% at about $140 late afternoon on Thursday.