Roblox Shares Tumble 22% Premarket After Cutting Bookings Forecast

roblox ©Roblox Roblox Corp. (NYSE:RBLX) saw its shares plunge nearly 22% in premarket trading on Friday after the company sharply lowered its full-year bookings outlook, pointing to headwinds linked to its age-verification rollout, which has limited user interaction and slowed new user growth. Q1 Results Mixed as Engagement Metrics Miss Expectations The gaming platform reported first-quarter bookings of $1.7 billion, slightly below analyst estimates of $1.74 billion. Revenue came in at $1.4 billion, up ...

Roblox Shares Tumble 22% Premarket After Cutting Bookings Forecast - Reportify