Roblox bookings rise to $923.8M, surpassing estimates: Stock nears 52-week low despite fiscal growth. Roblox user engagement grows: DAUs up 17% with 16.7 billion hours engaged, stock falls sharply.

Roblox's development priorities might not align with what the community is requesting, with major investments focusing on generative AI tools.

(Reuters) -Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 17%.

Roblox Corp (NYSE:RBLX) stock plunged after it reported fiscal first-quarter 2024 bookings growth of 19% year-on-year to $923.80 million, beating the analyst consensus estimate of $922.98 million.