Roblox stock tanks after disappointing November billings numbers

Roblox Corp. shares were falling more than 14% in Thursday morning trading after the gaming company posted November bookings metrics that seemed lower than what some analysts were expecting. The company said in a press release that it saw estimated bookings of $222 million to $225 million during the month of November, up 5% to 7% from a year before. Jefferies analyst Andrew Uerkwitz wrote prior to the release that he was modeling $237 million in net bookings, a number he thought was in line with buy-side expectations. Wedbush analyst Nick McCay had written that last year’s curve would have implied expectations for $226.5…

Source: https://www.marketwatch.com/story/roblox-stock-tanks-after-disappointing-november-billings-numbers-2022-12-15?siteid=yhoof2&yptr=yahoo