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

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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
BTIG Sell SellMaintainOct 30, 2026
Freedom Capital Markets Buy BuyMaintainOct 26, 2026
DA Davidson Neutral NeutralMaintainOct 14, 2026
Jefferies Underperform HoldDowngradeSep 28, 2026
Roth Capital Buy BuyMaintainSep 15, 2026
Macquarie Neutral NeutralMaintainSep 15, 2026
Wells Fargo Overweight OverweightMaintainSep 14, 2026
B of A Securities Neutral NeutralMaintainSep 14, 2026
Oppenheimer Outperform OutperformMaintainAug 4, 2026
Citigroup Buy BuyMaintainAug 3, 2026
Barclays Equal Weight Equal WeightMaintainAug 3, 2026
B. Riley Securities Buy BuyMaintainAug 3, 2026
TD Cowen Hold HoldMaintainJul 31, 2026
Piper Sandler Neutral NeutralMaintainJul 31, 2026
Morgan Stanley Overweight OverweightMaintainJul 31, 2026
Deutsche Bank Hold BuyDowngradeJul 31, 2026
Benchmark Sell HoldDowngradeJul 31, 2026
Goldman Sachs Buy BuyMaintainMay 4, 2026
HSBC Hold BuyDowngradeMay 1, 2026
Canaccord Genuity Buy BuyMaintainMay 1, 2026
Raymond James Outperform OutperformMaintainOct 14, 2025
BMO Capital Outperform OutperformMaintainOct 2, 2025
Roth MKM Neutral NeutralMaintainMay 2, 2025
MoffettNathanson Neutral SellUpgradeMay 10, 2024
Stifel Buy BuyMaintainApr 22, 2024
Wolfe Research Peer Perform UnderperformUpgradeNov 17, 2023
Truist Securities Buy HoldUpgradeOct 27, 2023
Credit Suisse Hold HoldMaintainFeb 16, 2023
Cowen & Co. Underperform UnderperformMaintainSep 12, 2022
MKM Partners Neutral NeutralMaintainJun 16, 2022
Atlantic Equities Neutral OverweightDowngradeMay 24, 2022
Daiwa Capital Outperform OutperformMaintainMar 28, 2022
Keybanc Equal Weight Sector WeightMaintainDec 8, 2021
Citic Securities Overweight OverweightMaintainJun 30, 2021
LightShed Partners Buy BuyMaintainMay 7, 2021
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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
D.A. DavidsonWyatt Swanson$50$49.53 +16.3%Oct 14, 2026
UBSAnalyst unavailable$40$47.82 -7.0%Sep 21, 2026
Roth CapitalAnalyst unavailable$60$51.29 +39.6%Sep 15, 2026
BTIGClark Lampen$41$51.29 -4.6%Sep 15, 2026
WedbushAnalyst unavailable$48$45.5 +11.7%Sep 14, 2026
Wells FargoAnalyst unavailable$64$45.5 +48.9%Sep 14, 2026
JefferiesJames Heaney$38$44.82 -11.6%Sep 9, 2026
OppenheimerMartin Yang$50$36.67 +16.3%Aug 4, 2026
MoffettNathansonClay Griffin$40$36.63 -7.0%Aug 3, 2026
Wells FargoAnalyst unavailable$46$35.6 +7.0%Aug 3, 2026
MacquarieAnalyst unavailable$37$35.6 -13.9%Jul 31, 2026
Morgan StanleyAnalyst unavailable$55$48.62 +27.9%Jul 31, 2026
WedbushAnalyst unavailable$40$48.62 -7.0%Jul 31, 2026
UBSAnalyst unavailable$33$48.62 -23.2%Jul 31, 2026
UBSChristopher Schoell$45$48.62 +4.7%Jul 31, 2026
NeedhamBernie McTernan$50$48.62 +16.3%Jul 31, 2026
Piper SandlerRoss Sandler$47$48.62 +9.3%Jul 31, 2026
BTIGAnalyst unavailable$30$48.62 -30.2%Jul 31, 2026
Deutsche BankAnalyst unavailable$38$48.62 -11.6%Jul 31, 2026
D.A. DavidsonWyatt Swanson$40$48.62 -7.0%Jul 31, 2026
Canaccord GenuityJason Tilchen$58$48.62 +34.9%Jul 31, 2026
BMO CapitalBrian Pitz$45$48.62 +4.7%Jul 31, 2026
BMO CapitalBrian Pitz$100$48.42 +132.6%Jul 28, 2026
Piper SandlerRoss Sandler$60$53.25 +39.6%Jul 21, 2026
Wells FargoAnalyst unavailable$56$54.36 +30.3%Jun 30, 2026
Arete ResearchAnalyst unavailable$95$47.55 +121.0%Jun 29, 2026
D.A. DavidsonWyatt Swanson$45$46.15 +4.7%May 22, 2026
Roth CapitalAnalyst unavailable$65$45.57 +51.2%May 5, 2026
HSBCAnalyst unavailable$46$45.14 +7.0%May 1, 2026
Goldman SachsAnalyst unavailable$65$46.31 +51.2%May 1, 2026
WedbushAnalyst unavailable$65$45.12 +51.2%May 1, 2026
OppenheimerAnalyst unavailable$82$44.84 +90.7%May 1, 2026
Morgan StanleyMatthew Cost$62$55.24 +44.2%May 1, 2026
BarclaysAnalyst unavailable$60$55.24 +39.6%May 1, 2026
WedbushAnalyst unavailable$90$59.63 +109.4%Apr 23, 2026
Wells FargoAnalyst unavailable$97$66.42 +125.6%Feb 9, 2026
Roth CapitalAnalyst unavailable$84$66.42 +95.4%Feb 9, 2026
Goldman SachsAnalyst unavailable$140$66.79 +225.7%Feb 6, 2026
OppenheimerMartin Yang$130$60.54 +202.4%Feb 6, 2026
NeedhamAnalyst unavailable$105$67.24 +144.2%Feb 6, 2026
Morgan StanleyMatthew Cost$140$60.54 +225.7%Feb 6, 2026
Piper SandlerThomas Champion$100$60.54 +132.6%Feb 6, 2026
BarclaysAnalyst unavailable$115$60.54 +167.5%Feb 6, 2026
UBSAnalyst unavailable$74$60.54 +72.1%Feb 6, 2026
Canaccord GenuityJason Tilchen$140$67.43 +225.7%Feb 3, 2026
WedbushAnalyst unavailable$110$73.63 +155.9%Jan 30, 2026
BTIGAnalyst unavailable$141$72.18 +228.0%Jan 28, 2026
Piper SandlerThomas Champion$125$74 +190.8%Jan 27, 2026
Deutsche BankAnalyst unavailable$115$87.28 +167.5%Jan 20, 2026
JefferiesAnalyst unavailable$85$82.85 +97.7%Jan 15, 2026
Morgan StanleyAnalyst unavailable$155$84.8 +260.5%Jan 13, 2026
UBSAnalyst unavailable$155$79.86 +260.5%Jan 13, 2026
Wells FargoKen Gawrelski$107$76.42 +148.9%Jan 8, 2026
Wolfe ResearchAnalyst unavailable$100$81.06 +132.6%Jan 5, 2026
JefferiesAnalyst unavailable$100$94.64 +132.6%Dec 11, 2025
UBSAnalyst unavailable$99$97.64 +130.3%Dec 9, 2025
UBSChristopher Schoell$103$93.7 +139.6%Dec 3, 2025
UBSAnalyst unavailable$120$113 +179.1%Oct 31, 2025
NeedhamBernie McTernan$159$113.22 +269.9%Oct 31, 2025
Piper SandlerRoss Sandler$130$113 +202.4%Oct 31, 2025
OppenheimerMartin Yang$150$113 +248.9%Oct 31, 2025
Goldman SachsAnalyst unavailable$180$113 +318.7%Oct 31, 2025
Canaccord GenuityAnalyst unavailable$160$113.03 +272.2%Oct 30, 2025
Goldman SachsEric Sheridan$155$119.86 +260.5%Oct 30, 2025
Roth CapitalEric Handler$146$134.49 +239.6%Oct 17, 2025
Raymond JamesAnalyst unavailable$165$128.24 +283.8%Oct 14, 2025
JefferiesJames Heaney$130$128.24 +202.4%Oct 14, 2025
Morgan StanleyAnalyst unavailable$170$128.24 +295.4%Oct 13, 2025
Wells FargoKen Gawrelski$155$133.5 +260.5%Oct 3, 2025
BMO CapitalAnalyst unavailable$160$134.07 +272.2%Oct 2, 2025
Arete ResearchDavid Mak$116$131.17 +169.8%Sep 9, 2025
Wolfe ResearchAnalyst unavailable$150$117.52 +248.9%Aug 22, 2025
BTIGClark Lampen$131$119.06 +204.7%Jul 28, 2025
OppenheimerMartin Yang$80$71.82 +86.1%May 5, 2025
FBN SecuritiesAnalyst unavailable$65$59.07 +51.2%Mar 28, 2025
Raymond JamesAndy Marck$63$58.05 +46.5%Dec 5, 2024
Roth CapitalEric Handler$43$42.3 +0.0%Oct 29, 2024
Piper SandlerThomas Champion$54$41.74 +25.6%Oct 9, 2024
Stifel NicolausDrew Crum$49$37.96 +14.0%Aug 2, 2024
Wells FargoKen Gawrelski$43$38.92 +0.0%Jul 8, 2024
MacquarieAaron Lee$46$35.52 +7.0%Jun 14, 2024
Wells FargoKen Gawrelski$41$36.03 -4.6%Jun 13, 2024
Deutsche BankBenjamin Black$40$31.36 -7.0%May 10, 2024
Piper SandlerThomas Champion$40$30.92 -7.0%May 10, 2024
Canaccord GenuityJason Tilchen$48$30.42 +11.7%May 10, 2024
BTIGClark Lampen$46$30.42 +7.0%May 10, 2024
Wells FargoKen Gawrelski$37$30.42 -13.9%May 10, 2024
MoffettNathansonClay Griffin$26$30.42 -39.5%May 10, 2024
Goldman SachsEric Sheridan$48$46.14 +11.7%Feb 8, 2024
Piper SandlerRoss Sandler$46$44.87 +7.0%Feb 8, 2024
WedbushNick McKay$53$38.74 +23.3%Jan 31, 2024
Wells FargoKen Gawrelski$49$42.53 +14.0%Dec 13, 2023
NeedhamBernie McTernan$51$38.28 +18.6%Nov 16, 2023
WedbushNick McKay$49$38.05 +14.0%Nov 9, 2023
Raymond JamesAndrew Marok$41$31.12 -4.6%Oct 27, 2023
Roth CapitalEric Handler$48$30.69 +11.7%Aug 10, 2023
WedbushNick McKay$37$37.74 -13.9%Aug 8, 2023
Truist FinancialMatthew Thornton$45$45.69 +4.7%Jul 18, 2023
NeedhamBernie McTernan$48$40.02 +11.7%Jun 28, 2023
NeedhamBernie McTernan$39$26.9 -9.3%Dec 16, 2022
Truist FinancialMatthew Thornton$37$28.15 -13.9%Dec 15, 2022
Deutsche BankAnalyst unavailable$45$36.08 +4.7%Nov 14, 2022
Morgan StanleyMatt Cost$35$33.73 -18.6%Nov 10, 2022
Goldman SachsAnalyst unavailable$24$33.73 -44.2%Nov 10, 2022
BarclaysMario Lu$20$35.38 -53.5%Oct 11, 2022
NeedhamBernie McTernan$53$39.48 +23.3%Sep 16, 2022
KeyBancTyler Parker$40$48.01 -7.0%Aug 10, 2022
MKM PartnersEric Handler$40$48.9 -7.0%Aug 9, 2022
BTIGClark Lampen$57$40.76 +32.6%Jul 21, 2022
Morgan StanleyBrian Nowak$25$36.06 -41.8%Jun 28, 2022
MKM PartnersEric Handler$28$35.93 -34.9%Jun 28, 2022
Stifel NicolausDrew Crum$40$35.93 -7.0%Jun 28, 2022
NeedhamBernie McTernan$40$35.93 -7.0%Jun 28, 2022
Goldman SachsEric Sheridan$28$30.5 -34.9%Jun 9, 2022
Stifel NicolausDrew Crum$45$32.55 +4.7%May 18, 2022
DaiwaJonathan Kees$38$31.94 -11.6%May 17, 2022
Truist FinancialMatthew Thornton$36$23.19 -16.3%May 11, 2022
Stifel NicolausAnalyst unavailable$53$33.16 +23.3%May 3, 2022
Morgan StanleyBrian Nowak$32$30.46 -25.6%Apr 27, 2022
CitigroupJason Bazinet$59$44.73 +37.2%Apr 7, 2022
DaiwaJonathan Kees$56$50.92 +30.3%Mar 29, 2022
NeedhamBernie McTernan$60$49.62 +39.6%Mar 20, 2022
Deutsche BankBenjamin Black$60$39.24 +39.6%Mar 12, 2022
Goldman SachsMichael Ng$124$54.49 +188.4%Feb 17, 2022
Truist FinancialMatthew Thornton$70$54.49 +62.8%Feb 17, 2022
J.P. MorganDavid Karnovsky$100$53.87 +132.6%Feb 16, 2022
Morgan StanleyBrian Nowak$65$53.87 +51.2%Feb 16, 2022
Bank of America SecuritiesOmar Dessouky$84$68.32 +95.4%Feb 14, 2022
Atlantic EquitiesKunaal Malde$125$126.12 +190.8%Nov 18, 2021
LightShed PartnersBrandon Ross$85$67.9 +97.7%May 7, 2021
Show less

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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

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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.