The online video game purveyor is apparently not doing as well as it could in the sale of its in-game currency.
Roblox shares have dropped by 20% as the platform’s daily active users fell short of projections, despite record revenues.
Roblox stock plunged as much as 20% on Thursday after it reported mixed fourth-quarter earnings. The company reported a decline in daily active users, which sparked growth fears among investors.
Roblox today posted its financial results for Q4 2024. The company report overall shows modest growth over the holiday season, but not anything that exceeded anyone’s predictions. It also posted its ...