Roblox surges 16% after booking boom — is this the comeback investors hoped for?
Roblox shares saw a surge following impressive second-quarter bookings. The company exceeded expectations, driven by popular games and increased user engagement. Daily active users and hours spent on the platform rose significantly. 'Grow a Garden' became a viral hit, setting a new record. Roblox is expanding beyond gaming, attracting more investors. The company has also raised its future bookings forecast.