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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Roblox Corporation | NYSE:RBLX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.3918 | 1.10% | 35.9218 | 36.405 | 35.46 | 35.72 | 3,746,580 | 00:46:36 |
From Apr 2022 to Apr 2024
By Will Feuer
Roblox Corp. said it would stop providing monthly updates on key metrics as it seeks to shift attention to long-term corporate prospects.
The company, which operates a metaverse-like online gaming experience where users play and transact in virtual worlds, said it would stop reporting monthly figures after it releases its March metrics, expected in April.
Since the company went public in 2021, Roblox has released monthly figures which include estimated revenue, daily active users and hours of engagement.
"While we think that has provided incremental information to investors regarding the seasonality of the business, we have decided to cease providing monthly metrics to align our reporting cadence with our value of taking the long view," Roblox said.
Shares of Roblox are down about 58% over the past 12 months, having been hit hard amid a broader sell-off in technology stocks.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 17, 2023 09:19 ET (14:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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