Roblox is having one of its worst trading days ever after a gloomy forecast and a decline in users

Shares of Roblox plunged on Thursday, putting them on pace for their fifth-worst trading day since the company went public in 2021, after the video game platform reported earnings.

The game platform’s daily active user count was 85.3 million, down about 4% from the quarter prior, not a great trend for a company that’s stated it wants to hit 1 billion users. Its $1.36 billion in bookings on the quarter was also about $10 million shy of expectations.

Roblox’s bookings forecast for the year ahead was slightly below estimates, too. It’s estimating about $4.3 billion in revenue for 2025, 18% below estimates.

The stock was recently down 17%.

All of that adds to a lackluster video game industry earnings week. Electronic Arts also reported weaker bookings and said tentpole games like “Dragon Age” and “EA Sports FC 25” underperformed. Nintendo, squeezing its eighth holiday season out of the Switch, reported a 31% drop in the console’s sales and slashed its sales outlook for the fiscal year by another 1.5 million.