India, July 31 -- Shares of Roblox Corp. (RBLX) were surging around 13 percent in the morning trading after the video game developer on Thursday reported higher revenues and significantly higher bookings in its second quarter. Meanwhile, the firm posted wider -than-expected loss in the quarter, and revised fiscal 2025 outlook to expect further loss.
For the third quarter, the company projects consolidated net loss between $396 million and $366 million, and adjusted EBITDA between $58 million and $28 million.
Revenue are expected between $1.11 billion and $1.16 billion. Bookings would be between $1.59 billion and $1.64 billion.
The Wall Street analysts on average expect the company to report revenues of $1.40 billion for the next quarter....