Roblox shares fell as much as 9% after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform.

“Roblox is lying to investors, regulators, and advertisers about the number of ‘people’ on its platform, inflating the key metric by 25-42%+,” Hindenburg said.

Roblox Corp (RBLX) stock price fell after reporting Q4 2024 results. Despite revenue growth and adjusted EPS beat, bookings missed estimates.