Roblox shares fall after lowering annual bookings forecast due to new safety measures
Roblox (ticker: RBLX) cut its full-year bookings guidance, citing the impact of new user safety features that are slowing growth. The company now expects $7.33 billion-$7.6 billion in revenue compared to a previous range of $8.28 billion-$8.55 billion. Shares dropped 19% following the announcement.
Tickers: $RBLX
Topics: market_valuation safety_measures stock_price_drop user_growth