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Roblox shares plummet on revenue miss, withdrawn guidance
Proactive55d agobearish
Roblox shares plummet on revenue miss, withdrawn guidance

Roblox Corp (NYSE:RBLX) shares fell nearly 30% to around $34 following the company’s second quarter results, as investors reacted to weaker monetization trends and a cautious outlook despite continued user growth. Roblox reported an adjusted loss of $0.26 per share for the quarter ended June...

Roblox Stock Tumbles After Earnings. Turns Out, Protecting Children Is Bad for Business.
Barrons.com146d agobearish
Roblox Stock Tumbles After Earnings. Turns Out, Protecting Children Is Bad for Business.

Roblox stock posted stomach-churning losses in Friday’s premarket, offering a valuable lesson for investors in companies that sell to children: what’s good for customers can be very, very bad for shareholders. Roblox stock was down 24% in premarket trading after the online gaming platform popular with children posted results following Thursday’s closing bell. The guidance for bookings was also revised down to a year-over-year increase of 8% to 12%, far down from a previous 22% to 26%.