SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Roblox Corp. (RBLX) on Thursday reported a loss of $316 million in its fourth quarter.
On a per-share basis, the San Mateo, California-based company said it had a loss of 45 cents.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share.
The online gaming platform posted revenue of $1.42 billion in the period. Its adjusted revenue was $2.22 billion, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.07 billion.
For the year, the company reported a loss of $1.07 billion, or $1.54 per share. Revenue was reported as $6.79 billion.
For the current quarter ending in March, Roblox said it expects revenue in the range of $1.37 billion to $1.42 billion.
The company expects full-year revenue in the range of $6.02 billion to $6.29 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