SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Roblox Corp. (RBLX) on Thursday reported a loss of $219.6 million in its fourth quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 33 cents.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The online gaming platform posted revenue of $988.2 million in the period. Its adjusted revenue was $1.36 billion, which missed Street forecasts. Nine analysts surveyed by Zacks expected $1.38 billion.
For the year, the company reported a loss of $935.4 million, or $1.44 per share. Revenue was reported as $4.37 billion.
For the current quarter ending in March, Roblox said it expects revenue in the range of $1.13 billion to $1.15 billion.
The company expects full-year revenue in the range of $5.2 billion to $5.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBLX at https://www.zacks.com/ap/RBLX
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