Shares of Roblox Corporation (NYSE:RBLX) tumbled 11.15 percent on Thursday to end at $67.12 apiece as investor sentiment was dampened by weak outlook guidance, despite improvements in its earnings ...

Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.

Roblox posted strong fiscal second-quarter results earlier this month. Bookings jumped 51% to $1.44 billion, beating estimates.

Roblox Corp. Eyeing 1 Billion Daily Players Unveiling the latest financials, Roblox boasts a 15% surge in revenue and a 25% growth in daily active users, but net losses raise concerns.

Roblox's red flag to watch The issue with Roblox's stock right now is its high valuation while still being unprofitable.