Roblox shares plunge after the company releases May metrics

Roblox Corp. shares fell more than 6% after hours Tuesday.

The videogame company reported key metrics from last month that included mixed results and forecasts.

Daily active users rose to 43 million in May, a 28% increase from May 2020 but a 1% decrease from the previous month.

Hours engaged climbed higher to 3.2 billion, up 9% year over year and up 1% from April.

For the second quarter ending at the end of this month, analysts expect earnings of 13 cents a share on revenue of $692.3 million, according to FactSet.

The company went public in March through a direct listing, has seen its shares rise 24.5% in the past three months through some volatility.

TheStreet

Roblox Hit as Daily Active Users Slip in May

Bookings per DAU seen sliding up to 3%, company says.

CNBC

Roblox shares slide after company reports decline in users and their spending

Roblox shares fell as much as 7% in after-hours trading Tuesday after the company reported a decline in users and their spending on the gaming platform in May.

MarketWatch

Roblox shares fall sharply after videogame company releases May metrics

Roblox Corp. shares fell more as much as 6.5% after hours Tuesday after the videogame company reported key metrics from last month that included mixed…