Roblox dazzles Wall St with bookings beat on holiday boost

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

(Reuters) -Roblox Corp on Wednesday reported better-than-expected bookings for the fourth quarter as users spent more money on the online gaming platform during the holiday season, powering a 25% surge in its shares.

Mostly popular with children thanks to games like "Jailbreak" and "MeepCity", Roblox has been expanding into other countries and trying to make inroads with older gamers to keep growth from easing off pandemic highs.