Electronic Arts and Roblox Cut Annual Bookings Forecasts Amid Weak Player Spending, Q1 Bookings Up 19%, Q2 Outlook Weak, Misses Revenue Estimates, Cuts Revenue Forecasts

TipRanks@TipRanks

2 years ago

Roblox $RBLX has dropped 20% this morning after their Q1 report, where they lowered their bookings forecast for the rest of the year. EPS of -$0.43 did beat by $0.10, while revenue of $923.7M missed by $5.3M. #Roblox #StockMarket https://t.co/M2gF1Sjh82

CNBC Tech@CNBCtech

2 years ago

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending https://t.co/v38EPojiNa

The Transcript@TheTranscript_

2 years ago

$RBLX CFO: "Our teams have been hard at work identifying opportunities to drive DAUs, Hours, and bookings growth rates back to 20% YoY...Based on results since the middle of April, we believe that these steps are yielding positive results" https://t.co/epyEZgExon