Roblox shares drop 14% in extended trading on weak Q3 bookings outlook

1. 1Roblox (RBLX) saw its stock fall 14% in extended trading after forecasting a sharp decline in Q3 bookings relative to expectations.
2. 2The Q3 bookings guidance of $1.58 billion to $1.65 billion fell short of the market consensus of $1.77 billion.
3. 3Changes to the recommendation algorithm and safety measures pressured in-app purchases, and the CFO said the monetization softness would continue.

Source Reuters +9 · View original ↗

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