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Roblox Issues Subpar Outlook, Stock Tanks To Yearly Low

Roblox Corp (NYSE:RBLX) stock plunged after it reported fiscal first-quarter 2024 bookings growth of 19% year-on-year to $923.80 million, beating the analyst consensus estimate of $922.98 million. Adjusted EPS loss of $(0.43) beat the analyst consensus loss estimate of $(0.53). The stock almost touched its 52-week low price of $24.88. Also Read: Roblox Studio Boss Addresses Children Making Money On The Platform: ‘They Didn’t Feel Exploited’ The revenue of ...