Roblox shares soared 20% after beating Q4 earnings estimates. Losses per share were 45 cents vs. 48 cents expected, with bookings at $2.22 billion vs. $2.05 billion expected. Q1 bookings forecasted between $1.69 billion and $1.74 billion. Fourth-quarter bookings up 63% YoY, reporting 144 million average DAUs, surpassing analyst expectations.

Roblox reports a $316 million net loss for Q4, a 44% increase from the previous year. The company no longer plans to issue annual guidance, focusing on quarterly guidance instead. Roblox facing lawsuits alleging the platform enables predators to exploit underage victims. Shares surged after strong Q4 performance, despite legal challenges.

Read more at CNBC: Roblox shares rocket 20% on earnings beat, strong forecast