RTTNews | Jun 16, 2021 10:15AM EDT

10:15 Wednesday, June 16, 2021 (RTTNews.com) - Roblox Corp. (RBLX) shares are sliding on Wednesday morning trade as the company reported a decline in daily active users or DAU for May, compared to April. The company expects average booking per DAU to decline 2-3 percent year over year. The company expects revenue to increase by 123 - 126 percent to a range of $149-$151 million.

DAU for May was 43 million down one percent from 43.3 million in April 2021. Average Booking per DAU is expected to be $5.02-$5.09, down 2-3 percent year over year.

Bookings for May are estimated to be between $216 and $219 million, up 24 - 26 percent year over year.

Currently, shares are at $84.29, down 6.08 percent from the previous close of $89.80 on a volume of 12,178,094. For the 52-week period, the shares have traded in a range of $60.50-$103.87.

Read the original article on RTTNews ( https://www.rttnews.com/3202863/stock-alert-roblox-down-after-decline-in-daily-active-users-in-may.aspx)

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