Metaverse pioneer Roblox Corporation (RBLX) operates an online entertainment platform. The company reported disappointing third-quarter results and hinted at decelerating growth with a decline in average daily bookings.
The strengthening of the U.S. Dollar against the Euro, British Pound, and other foreign currencies during 2022 has had an adverse impact on its bookings. Its estimated average bookings per daily active user in November were between $3.92 and $3.97, down 7% - 9% year-over-year.
