Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.

Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds, sending its shares up over 17%.

The gaming platform is piloting commerce capabilities for creators and brands, which could soon earn sales from customers in their virtual experiences.

Roblox is launching a new licensing platform to streamline the process for IP rights holders to partner with creators on the gaming platform.

Louisiana sues Roblox over child safety failures, alleging the gaming platform prioritized growth over protecting 33 million users under 13.