The videogame industry is struggling with a slowdown in spending as inflation-weary gamers become more selective in picking popular titles.
Roblox, which operates a metaverse – an emerging virtual space where people play games and make transactions - is available on mobile devices, desktops and Microsoft's (MSFT.O) Xbox.
and "Brookhaven", posted net bookings of $780.7 million in the quarter, missing analysts' average estimate of $784.9 million, according to Refinitiv data.
Net loss attributable to shareholders stood at $282.8 million in the quarter, compared with $176.4 million, a year earlier.
The company released its eponymous online game "Roblox Beta" on Meta Platforms' (META.O) Quest virtual reality headsets in July.
Persons:
Brendan McDermid, Samrhitha, Pooja Desai
Organizations:
New York Stock Exchange, REUTERS, Electronic Arts, Quest, Thomson
Locations:
New York, U.S, Brookhaven, Bengaluru