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Roblox user decline, stock tumbles 17%
Roblox shares dropped 17% on Feb. 6, after the company projected annual bookings of US$5.20 billion to US$5.30 billion, slightly below analyst expectations.
Daily active users fell to 85.3 million in Q4, down from 88.9 million in the previous quarter.
Quarterly bookings reached US$1.36 billion, missing forecasts of US$1.37 billion.
Roblox also faces challenges from a ban in Turkey over child safety concerns, affecting user growth.
Recent Roblox developments
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24-Oct-2024 👶 Roblox to enhance child safety with new controls
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28-Jun-2022 🚀 Thai fintech firm appoints former Apple exec to board
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26-May-2022 🚀 Ex-Googler’s prototyping startup raises $8m in series A money
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