Roblox lifts annual bookings forecast as in-game spending booms; shares jump


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) -Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds, sending its shares up over 17%.

Roblox's free-to-play model has been attracting significant consumer spending on its platform despite a wider slowdown in gaming activity.

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