Roblox stock is crashing

Roblox shares are getting whooped in reality on Wednesday subsequent to frustrating profit.

Portions of the gaming monster crashed 20% to $58 in pre-market exchanging - bringing the stock underneath its $64.50 direct posting cost from March 2021 - as examiners voiced their interests.

Revenue: $568 million versus $604 million expected
Bookings: $770 million versus $786 million expected
Losses per share: $0.25 versus $0.11 expected

User growth in Q4 also barely missed expectations, with Roblox announcing 49.5 million daily active users, versus the 50.1 million Wall Street was looking for.

Income rose in a scope of 64% to 66%, Roblox said, easing back from a 83% development rate in the final quarter.

Bookings rose a mere 2% to 3% in the month. Bookings had gained 20% in the fourth quarter.

"The inquiry: Is adaptation a canary or is commitment an indication of fleeting issues?" Uerkwitz added.

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