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Roblox slips while Reddit and Atlassian surge as AI signals reshape earnings outlook
Business
Published on 2 May 2026
One forecast cut tied to safety concerns
Roblox shares fell after it cut bookings guidance, citing safety-related changes and mounting competition risk. Reddit climbed on expectations that AI is boosting advertising growth, alongside a solid revenue outlook. Atlassian also gained momentum after raising revenue forecasts, driven by stronger cloud and AI demand. Markets are now weighing users, ads, enterprise demand, and competitive threats.
- Roblox shares dropped after a bookings forecast cut tied to safety changes
- Reddit rose on AI-driven ad growth and a stronger revenue outlook
- Atlassian lifted forecasts as cloud and AI demand picked up
- Investors are reassessing competition alongside user and revenue trends
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times