Roblox Corp on Wednesday became the latest U.S. company to report a hit from a stronger dollar, saying its bookings fell up to 11 per cent last month despite a jump in daily active users.
"We estimate the impact of foreign currency fluctuations led to a reduction of around 4 per cent in May 2022 bookings," said Roblox, one of the world's most popular gaming sites for children. The dollar strength adds to the woes of Roblox, which said in May that net losses would continue for the"foreseeable future" after a slowdown in the pandemic-era gaming boom dented its first-quarter bookings.
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