Roblox falls 10% as strong American currency hurts November bookings.

As a result of investors' reaction to the gaming platform company's November business update, which revealed a negative impact from the effects of a strong U.S. dollar, shares of Roblox (NYSE:RBLX) fell by more than 10% in pre-market trading on Thursday.

Bookings, a crucial indicator of a company's health, were expected to total between $222 million and $225 million, up between 5% and 7% from November 2021, according to Roblox (RBLX). The company claimed that the rise in the value of the dollar relative to the euro and the British pound "had an adverse impact on bookings" and slowed growth in bookings by 4% to 5% from a year ago.

Roblox (RBLX) reported that while bookings as a whole did increase year over year, the average booking per daily user fell between $3.92 and $3.97, or 7% to 9%, from the previous year. In parallel, the number of daily active users increased by 15% from November 2021 to 56.7M.

Between $190M and $193M in total revenue increased between 1% and 3% from the previous year.

Following recent allegations that the business had hired seasoned Apple (AAPL) employee John Stauffer as its new vice president of engineering, Roblox (RBLX) released an update in November.