Why Roblox Stock Was Dropping This Week
Shares of Roblox (NYSE: RBLX) were down 18.4% week to date through Thursday's close, according to data provided by S&P Global Market Intelligence. In its latest fourth-quarter report, the gaming platform posted decelerating growth in key operating metrics and issued a weak outlook for the year ahead.
On the surface, the headline numbers looked good. Revenue increased by 83% year over year to $569 million, and time spent on the platform grew 28% to 10.8 billion. But a deeper dive shows some problem areas.
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Source Fool.com