Roblox Stock Tumbles After Earnings as User Growth Misses and Guidance Disappoints
Roblox shares fell 17% after daily active users missed estimates and the company guided for another year-over-year decline in Q4 bookings.
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Roblox shares fell 17% after daily active users missed estimates and the company guided for another year-over-year decline in Q4 bookings.
Q3 revenue reached $1.174 billion with 661 million global MAUs. Management guided Q4 revenue of $1.425B–$1.475B, implying slower 8-12% growth.
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Amazon posted record operating margins and 39% AWS growth, but soft holiday guidance sent shares lower as investors worry about consumer spending.