Roblox's bombshell guidance for 2024 stunned investors as RBLX stock plunged more than 20%. Roblox's lowered bookings outlook intensified concerns about the sustainability of its growth thesis. Roblox ...
Roblox Corp (NYSE:RBLX) stock plunged after it reported fiscal first-quarter 2024 bookings growth of 19% year-on-year to $923.80 million, beating the analyst consensus estimate of $922.98 million.
Roblox continues growing at 20-30% despite flat gaming industry growth, with 85.3M daily users and $15.97 average bookings per user. GTA 6 poses a competitive threat with potential user-generated ...
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