Roblox Corporation · RBLX · FY2026 Q1 · Calendar Q2 2026

Roblox posts strong Q1 growth but lowers full-year guidance

Roblox showed strong underlying demand and monetization, but the lower guidance indicates that safety-related product changes are creating a meaningful near-term trade-off. The longer-term growth case depends on retention, communication improvements, creator tooling, and disciplined execution of Roblox Reality.

Reported After market closeNYSETechnology $28.80B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $-0.35 Consensus $-0.41
EPS surprise +14.5% Reported versus consensus
Reported revenue $1.73B Consensus $1.74B
Revenue surprise -0.6% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -18.3% Event window
SPY move +0.3% Same window
Abnormal move -18.6% Stock minus SPY
Volume 5.9× Versus trailing sessions
Subsequent drift +4.1% Up to 20 sessions
RBLXSPY benchmark

Ask FN2 about RBLX FY2026 Q1

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Why did RBLX fall 18.3% after beating EPS estimates in FY2026 Q1?What changed in RBLX's guidance and outlook in FY2026 Q1?Give me the bull and bear case for RBLX after FY2026 Q1 earnings.

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Transcript intelligence

What changed

Management reported strong Q1 revenue and bookings growth, while saying that the global age-check rollout slowed DAU growth and led to lower full-year revenue and bookings guidance. The company also outlined expanded AI creator tools, Roblox Reality, new communication features, and a higher DevEx payout for U.S. 18+ creators.

Guidance delta

Full-year revenue growth guidance was lowered to 20–25%, and bookings growth guidance to 8–12%, because of short-term headwinds from the safety rollout.

Key takeaways

  • Q1 revenue and bookings growth remained strong, supported by international adoption and higher spend per user.
  • Age-check implementation and reduced communication features slowed DAU growth and pressured the full-year outlook.
  • AI-assisted creation, Roblox Reality, improved communication, and creator incentives are the main initiatives intended to support the next phase of growth.

Management priorities

  • Complete the global rollout of age-based accounts and restore richer communication features.
  • Expand AI tools in Roblox Studio and continue developing Roblox Reality.
  • Attract higher-quality content and older creators through a higher U.S. 18+ DevEx payout.

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Earnings History

Estimate Beat Miss Match
RBLX EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $-0.39 Q2 '24 actual $-0.32, beat Q3 '24 estimate $-0.38 Q3 '24 actual $-0.37, beat Q2 '25 estimate $-0.36 Q2 '25 actual $-0.41, miss Q3 '25 estimate $-0.49 Q3 '25 actual $-0.37, beat Q4 '25 estimate $-0.47 Q4 '25 actual $-0.45, beat Q1 '26 estimate $-0.41 Q1 '26 actual $-0.35, beat Q2 '26 estimate $-0.34 Q2 '26 actual $-0.26, beat Q3 '26 estimate $-0.43 Q3 '26 actual $-0.32, beat Q4 '26 estimate $-0.47 Q1 '27 estimate $-0.26 Q2 '27 estimate $-0.27 Q3 '27 estimate $-0.34
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Analyst Consensus ?

ConsensusHold40 ratings
Bullish1742.5%
Neutral1845.0%
Bearish512.5%

Analyst 52W Price Targets

$42.99Current
$20Low
$67.84Average
$165High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 1, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wedbush Neutral NeutralMaintainOct 30, 2026
UBS Neutral NeutralMaintainOct 30, 2026
StoneX Sell SellMaintainOct 30, 2026
Needham Buy BuyMaintainOct 30, 2026
JP Morgan Neutral NeutralMaintainOct 30, 2026
Show 35 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $42.99. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSChristopher Schoell$50$52.46 +16.3%Oct 30, 2026
NeedhamBernie McTernan$55$52.46 +27.9%Oct 30, 2026
Goldman SachsEric Sheridan$55$52.46 +27.9%Oct 30, 2026
BTIGClark Lampen$42$54.46 -2.3%Oct 28, 2026
UBSAnalyst unavailable$53$48.26 +23.3%Oct 14, 2026
See 130 more

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Company context

Snapshot as of publication

Roblox Corporation oversees the development and operation of a leading digital entertainment ecosystem. Its offerings include Roblox Studio, a complimentary suite of tools empowering developers and artists to construct, launch, and manage interactive 3D environments and various other forms of content. Through the Roblox Client application, users can navigate and immerse themselves in these digital 3D realms. The platform also features Roblox Education, specifically designed for educational pursuits. Furthermore, Roblox Cloud furnishes the fundamental services and infrastructure necessary to support its unique human co-experience platform. With a vast customer base, the company caters to users across the United States, the United Kingdom, Canada, numerous European nations, China, the Asia-Pacific region, and other global markets. Incorporated in 2004, its primary corporate operations are based in San Mateo, California.

Historical context

All RBLX earnings
-18.1%FY2026 Q3 · Calendar Q4 2026-26.9%FY2026 Q2 · Calendar Q3 2026

Technology peers this season

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SNDK Sandisk Corporation FY2027 Q1 · Calendar Q4 2026 +6.1% -13.5% SNDK: AI-driven NAND demand remains strong, but execution risks persist
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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-11-01T18:30:40.443188+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-01T18:30:40.440414+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.