Roblox Shares Slip as Daily Active Users Fall 9% Year Over Year
Photo: TokenPost
Roblox shares fell in Friday premarket trading after the gaming platform’s third-quarter update showed fewer daily users and less time spent playing, while its fourth-quarter bookings outlook also pointed lower. The company averaged 138 million daily active users, down 9% from a year earlier. Players logged 33.8 billion hours on the platform, a 15% year-over-year decrease. Roblox recorded a $0.32 loss per share, smaller than the expected $0.40 loss. Bookings totaled $1.7 billion, above the $1.62 billion estimate, though they were 12% below the year-earlier quarter. Revenue increased 16% year over year to $1.57 billion.
Source: TokenPost
