The metaverse pioneer said users are spending less on the platform after economies started reopening.
Roblox (RBLX -4.46%) updated investors on its key metrics, highlighting continued headwinds for the metaverse pioneer. The company is reeling from the effects of economic reopening after it thrived during the lockdown stages of the pandemic.
*Stock prices used were the afternoon prices of Sept. 26, 2022. The video was published on Sept. 26, 2022.
Parkev Tatevosian has positions in Roblox Corporation. The Motley Fool has positions in and recommends Roblox Corporation. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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