Bookings
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Roblox Stock Dips 15% on Increased Safety Spending Forecast
Roblox shares fell 15% after the company projected higher capital expenditures, raising margin concerns. While Q3 revenue surged 48% to $1.36B and bookings jumped 70% to $1.92B, exceeding expectations, increased DevEx costs and safety investments contributed to the revised outlook. Roblox raised its full-year bookings guidance but average bookings per DAU missed estimates. The company is also facing pressure to improve child safety and is involved in related lawsuits, prompting investments in safety measures and collaboration with safety organizations.
