Roblox Shares Plunge 13% After Q2 Revenue Miss and 14%-18% Bookings Decline Forecast
Updated
Updated · Yahoo Finance · Jul 31
Roblox Shares Plunge 13% After Q2 Revenue Miss and 14%-18% Bookings Decline Forecast
3 articles · Updated · Yahoo Finance · Jul 31
Summary
13% overnight drop put Roblox on track for its biggest one-day fall in two months after the company warned of slower growth and weaker near-term monetization.
Q2 revenue rose 36% to $1.46 billion and bookings increased 8%, but revenue missed a $1.59 billion estimate even as the $0.26-per-share loss beat expectations.
For the current quarter, Roblox forecast revenue of $1.41 billion to $1.49 billion and said bookings could fall 14% to 18% to $1.58 billion-$1.65 billion.
Management tied the softer outlook to investments in safety, AI and discovery, including age verification now at 57% globally and recommendation changes aimed at longer-term engagement over quick monetization.
Roblox also stopped giving annual forecasts, saying results may fluctuate as those strategic changes roll out and retention improvements take time to lift growth.