By Mackenzie Tatananni
Roblox stock plunged in premarket trading Thursday after the online gaming company missed analysts' targets for fourth-quarter bookings and daily active users.
Shares fell 21% to $59.51 as Roblox posted bookings of $1.36 billion in the quarter. While the figure represented a 21% increase from the previous year, it fell short of analysts' calls for $1.37 billion.
The company also reported 83.5 million daily active users, up 19% from the prior year, but sharply missing analysts' expectations of 88.39 million.
CEO David Baszucki said the company would continue to invest in its virtual economy, app performance, and "AI-powered discovery and safety" in 2025.
Roblox said it anticipates full-year bookings in the range of $5.2 billion to $5.3 billion. The midpoint of the range was below analysts' estimates of $5.3 billion, according to FactSet.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
February 06, 2025 09:09 ET (14:09 GMT)
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