Stock Track | Roblox Plunges 11.38% in Pre-Market on Disappointing Q4 Earnings Miss

Stock Track

02-06

Shares of Roblox Corporation (RBLX) plummeted 11.38% in pre-market trading on Thursday, following the company's release of its fourth-quarter earnings results that fell short of analyst expectations.

According to the earnings report, Roblox reported Q4 revenue of $988.2 million, missing the consensus estimate of $1.37 billion. The company also reported an adjusted loss per share of $0.33, wider than the expected loss of $0.45 per share.

The disappointing financial results from the popular online gaming platform and game creation system company have raised concerns among investors about its growth prospects and profitability. Roblox has been facing challenges in monetizing its user base and controlling costs amid intense competition in the gaming industry.

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