@@ -1,1 +1,1 @@ - +<br>June 15 (Reuters) - Roblox Corp on Wednesday became the latest U.S.<br><br>If you have any queries concerning wherever and how to use [https://Www.picnicgardenflushing.com/ picnicgardenflushing.com/], you can speak to us at our own website. company to report a hit from a stronger dollar, saying its bookings fell up to 11% last month despite a jump in daily active users.<br> <br>The announcement sent the gaming platform's shares down 4% in premarket trading and echoed remarks from other major American corporations such as Microsoft Corp and Coca-Cola Co.<br> <br>"We estimate the impact of foreign currency fluctuations led to a reduction of around 4% in May 2022 bookings," said Roblox, one of the world's most popular gaming sites for children.<br> <br>A hawkish Federal Reserve and heightened geopolitical tensions have driven a 10% gain in the dollar so far this year.<br><br>A stronger greenback typically eats into the profits of companies that convert foreign currencies into dollars.<br> <br>The dollar [https://www.nuwireinvestor.com/?s=strength 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.<br> <br>In May, estimated bookings were between 9% and 11% lower from a year earlier, it said.<br> <br>Bookings refer to Roblox's virtual currency "Robux" that players can spend in-game to upgrade their avatars by purchasing items such as clothing, collectibles or accessories.<br> <br>(Reporting by Tiyashi Datta in Bengaluru; Editing by Aditya Soni)<br><br><br>adverts.addToArray({"pos":"inread_player"})Advertisement