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Benzinga

Business

Chris Katje

Why Roblox Shares Are Hitting New 52-Week Lows

Roblox RBLX NYSE Roblox Corporation Video Game

Shares of video game company Roblox Corporation (NYSE:RBLX) are falling after the company reported first-quarter financial results. Here are the key highlights.

What Happened: Roblox reported first-quarter revenue of $537.1 million, up 39% year-over-year. The total missed a consensus estimate of $639.5 million, according to data from Benzinga Pro.

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One subscription that gives you access to news from hundreds of sites

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