Report
Roblox's third-quarter user count misses estimates as shares slump 17%
Bloomberg reports 138 million daily active users, below the 145.8 million expected, while bookings beat estimates.
TLDR
Bloomberg reports that Roblox had 138 million daily active users in the third quarter, down 9% year over year and short of analysts’ 145.8 million estimate. Bookings reached $1.7 billion, above the $1.63 billion expected. Bloomberg says the results raised questions about whether a new hit game could reverse an engagement slowdown it links to stronger child-safety measures. Barron's reports that Roblox shares slumped 17% after earnings.
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