Shares of Roblox fell more than 25% Wednesday after the company released earnings Tuesday that came in below Wall Street analysts’ expectations and added to investors’ concerns about its ability to grow users as the pandemic fades
Shares of Roblox Corp. fell more than 25% Wednesday after the company released earnings Tuesday that came in below Wall Street analysts’ expectations and added to investors’ concerns about its ability to grow users as the pandemic fades.
Roblox said fourth-quarter bookings and earnings before interest, taxes, depreciation and amortization increased from a year earlier. But those figures fell short of what many analysts had forecast.
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