Roblox Stock Hammered On Revenue Dip

2023-04-18

Gaming stock $Roblox Corporation(RBLX)$ was given a caning. It ended off session lows but still fell around 12%.

The company's March metrics report showed the firm expects average bookings per daily user to fall year over year. This is a key revenue metric for the firm.

It said estimated average bookings per daily active user for that month were between $3.73 and $3.85, a range that indicates a year-over-year drop of 2% to a gain of 1%.

Estimated average bookings per daily active user in March would have fallen between 1% and 3% on a constant-currency basis.

RBLX stock gapped down through the 50-day line, a key support level. It is holding above the 200-day moving average for now.

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