RBLX Jul 2024 50.000 put
- Yahoo Finance Video
Roblox stock drops on booking forecast cut
Shares of Roblox (RBLX) are dropping sharply as the company lowered its annual booking forecast, suggesting concerns over the strength of consumer spending. Electronic Arts (EA) also fanned the flames with a weak revenue forecast, signaling troubles for the gaming industry. Yahoo Finance Anchors Madison Mills and Seana Smith break down the latest developments for Roblox and how it may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Barrons.com
Roblox Earnings Beat Expectations. Why the Stock Is Tumbling.
The videogame platform posted a narrower-than-expected quarterly loss and saw bookings rise sharply from a year ago.
- StockStory
Why Roblox (RBLX) Shares Are Getting Obliterated Today
Shares of gaming metaverse operator Roblox (NYSE:RBLX) fell 26% in the morning session after the company reported first-quarter earnings results. Its full-year bookings guidance of 15% year-on-year growth missed analysts' expectations, and investors are punishing the stock because management said it would grow at 20%+ annually for the next few years at its November 2023 Investor Day. On top of that, the company announced it would start calculating adjusted EBITDA differently, raising some questi
