Why Did Roblox Stock Plunge After Raising Its Revenue Guidance? Is the Sell-Off a Buying Opportunity?
Roblox(US:RBLX) The Motley Fool·2024-05-13 08:45The stock for this gaming platform is down over 30% year to date.Shares of Roblox (RBLX 3.39%) sank after its first-quarter results, despite the virtual gaming platform raising its full-year revenue outlook. The stock is now trading down over 30% year to date.So why is Roblox's stock getting crushed?Let's examine the company's quarterly results to find out why, and whether now is a good opportunity to buy the stock.Revenue versus bookingsThe main culprit behind the collapse in Roblox stock was that while it ...