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Roblox posts middling Q4 earnings; share prices drop over 20%
Roblox today posted its Q4 financial earnings, which are decent if not exciting. Its future guidance causes some trepidation.
Its guidance shows that the company expects lower growth in the second half of the year than the first, which was apparently disappointing enough to cause its shares to drop. In its letter to the shareholders, Roblox outlined its plans for improvement in several key areas, including trust and safety, artificial intelligence and genre expansion. As we aim to support 10% of the global gaming content market, we’ll continue investing in our virtual economy, app performance, and AI-powered discovery and safety, empowering creators and enhancing the user experience.”
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