Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.

Topline Shares for Roblox Corporation fell by more than 20% on Wednesday after the company reported second-quarter revenue that fell short of projections, as the video game firm said it expects to ...

For Roblox, its revenue is arguably a lagging indicator, while its bookings inform future revenue trends. That's partly why I note that revenue growth could fall further.

Roblox (RBLX) Q1 2023 earnings results beat on revenue & fall short on EPS While Roblox showed a greater-than-expected loss on earnings-per-share, its bookings pushed it past revenue expectations.

Roblox (RBLX) stock is down Thursday after the online gaming platform came up short on bookings and users for its fourth quarter and issued full-year guidance that also missed expectations.