Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.

Roblox shares fell more than 20% in early trading Thursday.

The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios…