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Roblox Slides After Reporting Month-Over-Month Drop in Bookings

Online Video-Game Company Roblox Plans IPO

Photographer: Gabby Jones/Bloomberg

Roblox Corp. shares fall 7.1% in extended trading after the video-game company said May bookings declined from the previous month.

The company estimated bookings to be between $216 million and $219 million in May, down about 11% at the midpoint from between $242 million and $245 million in April. Average bookings per daily active user also declined month over month.