Tag: $Roblox

Shares of Roblox tumbled Friday as Wall Street responded harshly to the videogame company’s quarterly guidance that forecasts declining bookings and slowing revenue growth.

Roblox shares plunged 24% in premarket trading on Friday after the company lowered its annual bookings forecast, raising concerns that new safety measures ​could weigh on user growth for several quarters.

Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.

Gaming platform Roblox forecast annual bookings above estimates on Wednesday after it crossed $1 billion in quarterly bookings for the first time on higher in-game spending during the holiday season, sending its shares up 15% before the bell.