Roblox sinks 8% as weakness persists following November bookings
Ian Tuttle

Roblox (NYSE:RBLX) shares sank nearly 8% in mid-day trading on Thursday, approaching its 52-week low, as investors continued to sell-off the video game company after it reported weaker-than-expected November bookings earlier this month.
Since reporting November bookings on December 15, Roblox (RBLX) shares have declined more than 25% as investors and analysts have reassessed the company's strength heading into next year.
Roblox (RBLX) said November bookings rose from year ago, to end November between $222M and $225M, but the figure was cut by 4% and 5% from a year ago due to the strength of the U.S. dollar against currencies such as the euro and British pound.
San Mateo, California-based Roblox (RBLX) added that its average daily bookings per user was between $3.92 and $3.97, or down 5% to 7% from a year ago.
Over the past month, Roblox (RBLX) shares have sunk more than 16% and have fallen more than 73% since the start of the year. In comparison, the broader NASDAQ, which was also seeing sharp weakness on Thursday, has declined 7.6% and 34.8% over the same time frames.
Roblox (RBLX) recently poached longtime Apple (AAPL) executive John Stauffer to be the company's new vice president of engineering.