Roblox RBLX 1.16% shares plummeted more than 20% Wednesday morning after the videogame company reported a wider net loss as spending continued to exceed sales growth.

Roblox shares have dropped by 20 percent after the platform's reported daily active users fell short of analysts' estimates. For the fourth quarter (ending 31st December), the number of daily ...

In its March 2023 key metric release, Roblox announced that daily active users, or DAUs, increased 26% year over year to 66.2 million, bookings grew 25%-29% on a constant currency basis, and ...