Roblox Corp (NYSE:RBLX) shares fell nearly 30% to around $34 following the company’s second quarter results, as investors reacted to weaker monetization trends and a cautious outlook despite continued user growth.
Roblox reported an adjusted loss of $0.26 per share for the quarter ended June 30, compared with analyst estimates calling for a loss of $0.34.
Strategy (NASDAQ:MSTR) shares fell 7% in pre-market trading after the company reported a wider-than-expected second quarter loss, largely driven by unrealized losses on its Bitcoin holdings.
The company reported a net loss of $8.22 billion, or $24.45 per diluted share, for the three months ended June 30, compared with net income of $10.02 billion, or $32.60 per share, in the year-ago period. The loss reflected an $8.32 billion unrealized loss on digital assets following a decline in Bitcoin prices during the quarter.
Rivian Automotive Inc (NASDAQ:RIVN) shares fell more than 6% on Friday following the company’s second-quarter 2026 results, as investors weighed an earnings beat against ongoing electric vehicle market pressures and profitability concerns.
The EV maker reported an adjusted loss of $0.47 per share for the quarter, narrower than Wall Street expectations for a loss of roughly $0.65 per share.
Reddit Inc (NYSE:RDDT) shares fell about 21% on Friday morning after management warned of volatility in search traffic and raised concerns among investors about potential pressure from artificial intelligence-powered search tools, despite reporting second quarter results that exceeded Wall Street expectations.
The company reported Q2 revenue of $805 million, up 61% year-over-year and above analyst expectations of $730 million.
Coinbase Global Inc (NASDAQ:COIN) shares fell around 9% in early trading on Friday following the company’s second quarter results, which missed Wall Street expectations as weaker cryptocurrency market conditions weighed on revenue and profitability.
Coinbase reported Q2 revenue of $1.22 billion, below analyst estimates of $1.3 billion, while the company posted a GAAP loss of $1.36 per share, compared with consensus expectations for a loss of about $0.42 per share.