(Reuters) – Video games developer Roblox Corp missed Wall Street estimates for quarterly revenue on Wednesday, as users curtailed spending and ditched online games for outdoor activities.
The company’s revenue grew 2% to $517.7 million in the third quarter ended Sept. 30. Analysts polled by Refinitiv were expecting revenue of $686.3 million.
(Reporting by Yuvraj Malik in Bengaluru; editing by Uttaresh.V)
