Roblox, the youth-centric online gaming and social platform, on Thursday posted stronger-than-expected bookings in the second quarter and raised its full-year guidance. Roblox stock surged on the news.
The San Mateo, Calif.-based company lost 41 cents a share on bookings of $1.44 billion in the June quarter. Analysts polled by FactSet had expected Roblox to lose 36 cents a share on bookings of $1.27 billion. In the year-earlier period, it lost 32 cents a share on bookings of $955 million.
Roblox reported 111.8 million average daily active users, up 41% year over year, in the second quarter. Analysts had expected 108.5 million. Engagement in the period was helped by hit games like "Grow a Garden" and "99 Nights in the Forest."
Based on the midpoint of its guidance, Roblox expects bookings in the third quarter of $1.62 billion, vs. the consensus estimate of $1.41 billion.
For the full year, Roblox now expects bookings of $5.87 billion to $5.97 billion. The midpoint of $5.92 billion would represent growth of 36%. Wall Street had been modeling $5.62 billion in bookings.
Roblox Stock Hits Record High
"Our Q2 2025 results demonstrate broad-based strength across the Roblox platform, fueled by the emergence of several viral experiences," Chief Executive David Baszucki said in a news release. "We are encouraged by the momentum across Roblox as we look to capture 10% of the global gaming content market flowing through our platform."
On the stock market today, Roblox stock soared 10.3% to close at 137.79. Earlier in the session, it rocketed to an all-time high of 150.56. Its previous record high was 141.60, reached in November 2021.
Roblox has been investing heavily to build out its version of the metaverse, a 3D virtual space for people to socialize and play games. Its online experiences range from gaming and hangouts to concerts, sports, fashion shows, education and entertainment.
Roblox stock is on the IBD 50 list.
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