Markets
Roblox Stock Plunges 16%, Wiping Out $6.2 Billion, After Weak Bookings Outlook
The game platform forecast falling fourth-quarter bookings and negative free cash flow, overshadowing a smaller-than-expected loss.
Roblox (RBLX) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Markets
The game platform forecast falling fourth-quarter bookings and negative free cash flow, overshadowing a smaller-than-expected loss.
Earnings
CFO Naveen Chopra said the outlook assumes no near-term monetization gain and carries a modest headwind from Grand Theft Auto.
Earnings
CEO David Baszucki laid out an AI-assisted "universal player" and app-store publishing plan aimed at adult gamers, with a 20% share of US under-18 revenue as the model.
SEC Filings
Bookings fell to $1,697 million from $1,922 million as the FTC and two states weigh child-privacy claims against the platform.
Earnings
Roblox guides to a 10% to 15% bookings decline and negative free cash flow for the fourth quarter.