Roblox Corp (NYSE: RBLX) reported 19% YoY growth in Q1 bookings to $923.80M, beating analyst estimates. Adjusted EPS loss of $(0.43) also beat expectations. Stock dropped 28.3% premarket.

Roblox Corp posted a bigger quarterly loss on Wednesday, hurt by higher expenses to support the expansion of its platform, sending shares down 12% in premarket trading.