Roblox shares drop 21% after company misses estimates on top and bottom line
Publishing timestamp: 2023-08-09 16:12:38
Summary
Roblox reported second-quarter results that missed analysts' expectations, leading to a drop in the company's shares. The company reported an increase in daily active users and revenue, but also a net loss. Roblox is working to expand its user base across all age groups and is exploring opportunities in virtual reality.
Sentiment: NEGATIVE
Keywords: enterprise, breaking news: technology, internet, technology, business news, roblox corp, meta platforms inc,
Source: https://www.cnbc.com/2023/08/09/roblox-rblx-earnings-q2-2023.html