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Why Roblox Stock Dropped Today

TheMotleyFool

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Shares of Roblox (NYSE: RBLX) fell 8% on Wednesday after the popular video-game platform reported a sequential decline in users.

Roblox said its daily active users (DAU) numbered 43 million in May. Although that was up 28% from the prior-year period, it was down 1% from April.

Moreover, the company's average bookings per DAU -- the amount of virtual currency purchased per user -- is expected to decline 2% to 3% year over year, to between $5.02 and $5.09.

Source Fool.com

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