Roblox Cuts Full-Year Guidance Amid Age-Verification Challenges
Roblox (RBLX) shares fell 18% after the company slashed its full-year guidance due to new age-verification protocols impacting user experience and growth. The stock is down over 44% year-to-date, with bookings guidance reduced to $7.33 billion to $7.6 billion from $8.28 billion to $8.55 billion. The changes were implemented to address legal issues related to child protection.
Tickers: $RBLX
Topics: age-verification protocols lawsuits revenue guidance Roblox stock performance user acquisition