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Roblox shares plunge approximately 20% on declining user metrics and weak earnings outlook

Stocktwits +1 · ·by G4L

RBLX Roblox Corp
$51.19 -0.79%
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  1. 1RBLX shares fell approximately 20% on Friday.
  2. 2Roblox daily active users decreased by 9% to 138 million.
  3. 3The company announced a projected 10% to 15% decrease in bookings compared to the same period last year.

So what's the key point?

The number of people using Roblox every day fell by 9%. The stock price dropped by more than 20% because future revenue is also expected to decrease.

Source Stocktwits +1 · View original ↗

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