Roblox Q1 Losses Widen Despite Surge in Active Users

Roblox reported a wider-than-expected loss of 44 cents per share for Q1 2021, but revenue (bookings) of $774 million beat expectations. The company's active users grew 22% YoY to reach an all-time high of 66 million, with engagement hours totaling 14.5 billion, up 23% YoY. Roblox's CEO attributed the bookings growth to "eight quarters of innovation and awesome engineering." The company reported a net loss of $268 million for the quarter, but signaled comfort with present headcount and compensation levels given the momentum in bookings.