Roblox Corporation (NYSE:RBLX) shares experienced a more than 10% intra-day surge on Wednesday following the company’s announcement that it exceeded fourth-quarter consensus forecasts.

The gaming platform recorded a Q4 loss of $0.52 per share, outperforming the predicted $0.55 loss per share. Quarterly bookings reached $1.13 billion, marking a 25% increase from the previous year and surpassing the $1.07 billion analyst consensus.

The company’s revenue rose to $749.9 million, a 30% increase year-over-year. Daily active users (DAUs) stood at 71.5 million, representing a 22% year-over-year increase, and monthly unique payers reached 15.9 million, an 18% increase from the previous year. Additionally, the average booking per monthly unique payer rose by 6% year-over-year to $23.65.

For 2024, Roblox projects revenue to be in the range of $3.3 billion to $3.4 billion, with bookings expected to be between $4.14 billion and $4.28 billion. For the first quarter, the company anticipates revenue between $755 million and $780 million, and bookings between $910 million and $940 million.

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