Roblox hits $1.1 billion bookings in Q3 as it cuts losses

Roblox revenue rose by 29% year-over-year to $919 million in Q3 as the company cut its losses on its road to profitability.

In its latest earnings report, the UGC platform reported $1.1 billion in bookings for the quarter, up 34% Y/Y. Total losses in Q3 stood at $240m, an improvement from $278m in the same quarter last year. … [MORE]

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