Shares of Roblox Corp. fell more than 10% after the video-game company disclosed some key metrics for March that showed a potential drop in average bookings per daily active user.
The stock dropped 10.4% to $40.95. Over the past 12 months, shares were up almost 8% through Friday's close.
The company said estimated average bookings per daily active user for March were between $3.73 and $3.85, a range that indicates a year-over-year drop of 2% to a gain of 1%. On a constant-currency basis, estimated average bookings per daily active user in March would have fallen between 1% and 3%.
Roblox, which operates a metaverse-like realm, or a virtual place where people play and make transactions, also said daily active users during the month were 66.2 million, up 26% from a year earlier.
Hours engaged rose 26% to 4.8 billion, and estimated revenue rose between 15% and 21% to a range of $212 million to $223 million. Estimated bookings were between $247 million and $255 million, up 23% to 27% from a year earlier.
Roblox said it will no longer release monthly metrics and instead only report figures on a quarterly basis. As previously announced, the March release is the company's last monthly update.
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