Roblox shares slid more than 20% in early trading, as the gaming giant dialed back its forecasts for growth and first-quarter earnings showed player spending is slowing.

Roblox's bookings growth slowed from 22% in Q2 to 20% last quarter. User growth decelerated as well, falling from 25% to 20% over the same period, while hours of engagement followed a similar path.

Roblox's bookings growth slowed from 22% in Q2 to 20% last quarter. User growth decelerated as well, falling from 25% to 20% over the same period, while hours of engagement followed a similar path.