Roblox Shares Plummet 27% After Weak User Forecast and Safety Measures
Guidance·2 articles across 2 outlets
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Roblox Corp. shares tumbled nearly 27%, their largest single-day decline ever, after the gaming company reported second-quarter daily active users that missed analysts’ expectations, reflecting the ongoing impact of new child-safety measures.
The decline follows a forecast indicating falling bookings and slowing revenue growth, contributing to a year-to-date drop of over 40% for the stock.
Roblox
Sources
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SourceReports the news
“Roblox Corp. shares tumbled nearly 27%, their largest single-day decline ever, after the gaming company reported second-quarter daily active users that missed analysts’ expectations, reflecting the ongoing impact of new child-safety measures.”
Bloomberg — Roblox Shares Slump on Safety-Measures Impact, Weak Forecast“Kit Norton / Barron's Online: Roblox shares close down ~27%, its worst-ever daily percentage decline, after forecasting falling bookings and slowing revenue growth; RBLX is down 40%+ YTD — ”
techmeme — Roblox shares close down ~27%, its worst-ever daily percentage decline, after forecasting falling bookings and slowing revenue growth; RBLX is down 40%+ YTD (Kit Norton/Barron's Online)