Roblox Stock Plunges 21% Following Q2 Earnings Miss
<p><a href='https://financialmodelingprep.com/financial-summary/RBLX'>Roblox (NASDAQ:RBLX)</a> experienced a decline of more than 21% yesterday following the release of its second-quarter results.</p>
<p>The company reported a loss per share of 46 cents, which was worse than the anticipated loss of 44 cents per share. Bookings for the quarter reached $780.7 million, below the Street estimate of $785.4 million.</p>
<p>The revenue for the period reached $680.8 million, reflecting a 15% increase from the previous year. Impressively, the platform witnessed a substantial 25% surge in Average Daily Active Users (DAUs), reaching 65.5 million.</p>
<p>Moreover, the number of average monthly unique payers increased by 19% to 13.5 million. Hours of engagement on the platform also witnessed an impressive growth of 24%, reaching 14.0 billion.</p>

NASDAQ:RBLX