Roblox quarterly bookings disappoint as gaming frenzy wanes

FILE PHOTO: A child looks back at a banner for Roblox, displayed to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid//File Photo

(Reuters) -Gaming platform Roblox Corp on Tuesday missed Wall Street estimates for quarterly bookings as the pandemic-driven frenzy for its video games waned, sending its shares down more than 13% in extended trading.

Increased outdoor activities since the lifting of restrictions and reopening of schools in North America have affected user spending for pandemic winner Roblox, which is among the world's most popular gaming sites for children.