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Benzinga
Benzinga
Business
Adam Eckert

Why Roblox Shares Are Trading Lower Today

Roblox NYSE RBLX Roblox Corp

Roblox Corp (NYSE:RBLX) is trading lower Friday on continued weakness following the company's weak financial results earlier this week.

Roblox reported fourth-quarter revenue of $568.8 million, which was up 82% from the fourth quarter of 2020, but still came in below consensus estimates. The social gaming company reported a quarterly earnings loss of 25 cents per share, which missed the estimate for a loss of 14 cents per share.

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