RBLX is trading at $70.60 (-4.75%), extending a multi-day decline amid reports of weakening user metrics ahead of Q4 earnings.
- JPMorgan and Wolfe Research highlighted a sharp drop in peak concurrent users (CCUs) to 23 million over the weekend from 26 million prior.
- Q1-to-date averages are decelerating, showing 71% YoY growth.
- Popular experiences like "99 Nights in the Forest" saw engagement falls of 7-19% week-over-week.