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Roblox
Roblox reduced its $RBLX annual booking forecast on Thursday, citing that new safety initiatives could impact user growth and spending on the popular gaming platform, leading to its shares dropping more than 18% in extended trading.
The company expects fiscal year 2026 bookings to range between $7.33 billion and $7.6 billion, lower than its previous forecast of between $8.28 billion and $8.55 billion.
Investments in recommendation algorithms and increased developer rewards have helped attract millions of users to Roblox who want to play free games and connect with friends. However, cases of child exploitation and multiple grooming incidents on the platform have led to bans at the national level, lawsuits, and investigations as part of its safety efforts...
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