08:40 AM EDT, 05/01/2025 (MT Newswires) -- Roblox ( RBLX ) reported a Q1 net loss Thursday of $0.32 per diluted share, narrowing from a loss of $0.43 a year earlier.

Analysts polled by FactSet expected a loss of $0.40.

Revenue for the quarter ended March 31 was $1.04 billion, up from $801.3 million a year earlier.

Analysts surveyed by FactSet expected $1.14 billion.

For Q2, the online gaming platform expects revenue of between $1.02 billion and $1.05 billion.

Analysts polled by FactSet expect $1.17 billion.

For 2025, the company lifted its revenue projection to between $4.29 billion and $4.37 billion, compared with its previous guidance range of $4.25 billion to $4.35 billion.

Shares of the company were up nearly 9% in recent premarket activity.