Roblox stock drops 21% after missed expectations and rising costs
Roblox's share price fell dramatically after its Q2 2023 earnings report due to missed DAU and playtime expectations and rising costs.
Roblox's share price fell dramatically after its Q2 2023 earnings report due to missed DAU and playtime expectations and rising costs.
Roblox reported its Q4 2022 financials. Bookings are up 17% alongside gains in engagement. However, costs are up due to future-proofing.
Did you miss GamesBeat Summit 2021? Watch on-demand here! Roblox, the platform for Lego-like user-generated games, reported its earnings for the first time as a publicly traded company. This met…