Shares of Roblox Corp. were sinking 12% in Monday morning trading after the company released its final installment of monthly metrics, which showed a sequential drop in daily active users.
The... Shares of Roblox Corp. were sinking 12% in Monday morning trading after the company released its final installment of monthly metrics, which showed a sequential drop in daily active users. The gaming company estimates that it saw $212 million to $223 million in revenue for the month of March, along with $247 million to $255 million in bookings. Creutz noted that while the midpoint of the bookings estimate was up about 2% sequentially, he had been expecting an 11% bump.
Roblox previously announced that it would stop providing monthly updates on metrics after the March disclosure. The company offered these updates for its first eight quarters as a public company, as it noted in Monday’s release.
$rblx is 🗑 🚮 All they do is under deliver and lose money 💰 Yuck
ONCT $ONCT
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Shares of Roblox fall 12% after company releases March updateShares of Roblox tumbled 12% on Monday after the gaming company released its March 2023 metrics report.
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