Roblox, the popular video game company, had its stock plummet more than 26% today, after they reported earnings that missed expectations. It’s fourth quarter revenue was $770 million, down $2 million from the $772 million expected. It lost 25 cents per share, which is more than the 13 cents loss per share that was expected. But, on the bright side, it had 49.5 million active users during the quarter, which was up 33% from the same quarter the year before. Roblox is a unique type of video game. It allows people to create their own games inside roblox, and based on the games popularity, the creators can make money. To make money, Roblox sells virtual currency called Robux. People can use that to buy items for their avatars, or to buy things in different games.
Source: https://www.cnbc.com/2022/02/16/roblox-shares-down-q4-earnings-miss-expectations.html
