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.

Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 17%.

Roblox forecast annual bookings below market estimates on Thursday, sparking fears growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 26% in ...

Roblox expects full-year bookings — an indicator of future revenue — to be between $4 billion and $4.10 billion, down from its earlier view of $4.14 billion to $4.28 billion.

FILE PHOTO: The Roblox logo is displayed on a banner, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021.

Advertisement Roblox expects full-year bookings — an indicator of future revenue — to be between $4 billion and $4.10 billion, down from its earlier view of $4.14 billion to $4.28 billion.

(Reuters) -Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 17%.

Roblox's forecast adds to worries about the videogame industry's health, after a lacklustre outlook from Electronic Arts earlier this week, which blamed weak bookings - a key measure of in-game ...