Roblox (NYSE:RBLX) shares plunged around 12% on Monday following the company’s report on key user metrics for March. While hours engaged were better than the previous month at 4.8 billion, daily active users (DAUs) dropped by 1.1 million to 66.2 million.
The company expects bookings between $247 million and $255 million and revenue between $212 million and $223 million, with the average bookings per DAU seen at $3.79, slightly above February’s $3.64.
Roblox will no longer provide monthly updates on key user metrics. The company has decided to move to quarterly updates for investors in the future.