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Roblox stock plunges over 20% after disappointing Q2 guidance and lowered FY 2024 bookings forecast. Q1 results show solid performance with bookings and profitability in line with estimates, driven by ...

Roblox stock plunged as much as 20% on Thursday after it reported mixed fourth-quarter earnings. The company reported a decline in daily active users, which sparked growth fears among investors.

Roblox's stock has surged in recent months on the back of robust growth and improving cash flows. Roblox's cost structure has been a point of concern, but there are structural tailwinds in this regard ...