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.
Earnings scorecard
Reported versus consensusMarket reaction
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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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Analyst 52W Price Targets
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.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wedbush | Neutral | Neutral | Maintain | Oct 30, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 30, 2026 |
| StoneX | Sell | Sell | Maintain | Oct 30, 2026 |
| Needham | Buy | Buy | Maintain | Oct 30, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 30, 2026 |
| BTIG | Sell | Sell | Maintain | Oct 30, 2026 |
| Freedom Capital Markets | Buy | Buy | Maintain | Oct 26, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Oct 14, 2026 |
| Jefferies | Underperform | Hold | Downgrade | Sep 28, 2026 |
| Roth Capital | Buy | Buy | Maintain | Sep 15, 2026 |
| Macquarie | Neutral | Neutral | Maintain | Sep 15, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 14, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Sep 14, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 3, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 3, 2026 |
| B. Riley Securities | Buy | Buy | Maintain | Aug 3, 2026 |
| TD Cowen | Hold | Hold | Maintain | Jul 31, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Deutsche Bank | Hold | Buy | Downgrade | Jul 31, 2026 |
| Benchmark | Sell | Hold | Downgrade | Jul 31, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | May 4, 2026 |
| HSBC | Hold | Buy | Downgrade | May 1, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | May 1, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 14, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 2, 2025 |
| Roth MKM | Neutral | Neutral | Maintain | May 2, 2025 |
| MoffettNathanson | Neutral | Sell | Upgrade | May 10, 2024 |
| Stifel | Buy | Buy | Maintain | Apr 22, 2024 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Nov 17, 2023 |
| Truist Securities | Buy | Hold | Upgrade | Oct 27, 2023 |
| Credit Suisse | Hold | Hold | Maintain | Feb 16, 2023 |
| Cowen & Co. | Underperform | Underperform | Maintain | Sep 12, 2022 |
| MKM Partners | Neutral | Neutral | Maintain | Jun 16, 2022 |
| Atlantic Equities | Neutral | Overweight | Downgrade | May 24, 2022 |
| Daiwa Capital | Outperform | Outperform | Maintain | Mar 28, 2022 |
| Keybanc | Equal Weight | Sector Weight | Maintain | Dec 8, 2021 |
| Citic Securities | Overweight | Overweight | Maintain | Jun 30, 2021 |
| LightShed Partners | Buy | Buy | Maintain | May 7, 2021 |
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.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Christopher Schoell | $50 | $52.46 | +16.3% | Oct 30, 2026 |
| Needham | Bernie McTernan | $55 | $52.46 | +27.9% | Oct 30, 2026 |
| Goldman Sachs | Eric Sheridan | $55 | $52.46 | +27.9% | Oct 30, 2026 |
| BTIG | Clark Lampen | $42 | $54.46 | -2.3% | Oct 28, 2026 |
| UBS | Analyst unavailable | $53 | $48.26 | +23.3% | Oct 14, 2026 |
| D.A. Davidson | Wyatt Swanson | $50 | $49.53 | +16.3% | Oct 14, 2026 |
| UBS | Analyst unavailable | $40 | $47.82 | -7.0% | Sep 21, 2026 |
| Roth Capital | Analyst unavailable | $60 | $51.29 | +39.6% | Sep 15, 2026 |
| BTIG | Clark Lampen | $41 | $51.29 | -4.6% | Sep 15, 2026 |
| Wedbush | Analyst unavailable | $48 | $45.5 | +11.7% | Sep 14, 2026 |
| Wells Fargo | Analyst unavailable | $64 | $45.5 | +48.9% | Sep 14, 2026 |
| Jefferies | James Heaney | $38 | $44.82 | -11.6% | Sep 9, 2026 |
| Oppenheimer | Martin Yang | $50 | $36.67 | +16.3% | Aug 4, 2026 |
| MoffettNathanson | Clay Griffin | $40 | $36.63 | -7.0% | Aug 3, 2026 |
| Wells Fargo | Analyst unavailable | $46 | $35.6 | +7.0% | Aug 3, 2026 |
| Macquarie | Analyst unavailable | $37 | $35.6 | -13.9% | Jul 31, 2026 |
| Morgan Stanley | Analyst unavailable | $55 | $48.62 | +27.9% | Jul 31, 2026 |
| Wedbush | Analyst unavailable | $40 | $48.62 | -7.0% | Jul 31, 2026 |
| UBS | Analyst unavailable | $33 | $48.62 | -23.2% | Jul 31, 2026 |
| UBS | Christopher Schoell | $45 | $48.62 | +4.7% | Jul 31, 2026 |
| Needham | Bernie McTernan | $50 | $48.62 | +16.3% | Jul 31, 2026 |
| Piper Sandler | Ross Sandler | $47 | $48.62 | +9.3% | Jul 31, 2026 |
| BTIG | Analyst unavailable | $30 | $48.62 | -30.2% | Jul 31, 2026 |
| Deutsche Bank | Analyst unavailable | $38 | $48.62 | -11.6% | Jul 31, 2026 |
| D.A. Davidson | Wyatt Swanson | $40 | $48.62 | -7.0% | Jul 31, 2026 |
| Canaccord Genuity | Jason Tilchen | $58 | $48.62 | +34.9% | Jul 31, 2026 |
| BMO Capital | Brian Pitz | $45 | $48.62 | +4.7% | Jul 31, 2026 |
| BMO Capital | Brian Pitz | $100 | $48.42 | +132.6% | Jul 28, 2026 |
| Piper Sandler | Ross Sandler | $60 | $53.25 | +39.6% | Jul 21, 2026 |
| Wells Fargo | Analyst unavailable | $56 | $54.36 | +30.3% | Jun 30, 2026 |
| Arete Research | Analyst unavailable | $95 | $47.55 | +121.0% | Jun 29, 2026 |
| D.A. Davidson | Wyatt Swanson | $45 | $46.15 | +4.7% | May 22, 2026 |
| Roth Capital | Analyst unavailable | $65 | $45.57 | +51.2% | May 5, 2026 |
| HSBC | Analyst unavailable | $46 | $45.14 | +7.0% | May 1, 2026 |
| Goldman Sachs | Analyst unavailable | $65 | $46.31 | +51.2% | May 1, 2026 |
| Wedbush | Analyst unavailable | $65 | $45.12 | +51.2% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $82 | $44.84 | +90.7% | May 1, 2026 |
| Morgan Stanley | Matthew Cost | $62 | $55.24 | +44.2% | May 1, 2026 |
| Barclays | Analyst unavailable | $60 | $55.24 | +39.6% | May 1, 2026 |
| Wedbush | Analyst unavailable | $90 | $59.63 | +109.4% | Apr 23, 2026 |
| Wells Fargo | Analyst unavailable | $97 | $66.42 | +125.6% | Feb 9, 2026 |
| Roth Capital | Analyst unavailable | $84 | $66.42 | +95.4% | Feb 9, 2026 |
| Goldman Sachs | Analyst unavailable | $140 | $66.79 | +225.7% | Feb 6, 2026 |
| Oppenheimer | Martin Yang | $130 | $60.54 | +202.4% | Feb 6, 2026 |
| Needham | Analyst unavailable | $105 | $67.24 | +144.2% | Feb 6, 2026 |
| Morgan Stanley | Matthew Cost | $140 | $60.54 | +225.7% | Feb 6, 2026 |
| Piper Sandler | Thomas Champion | $100 | $60.54 | +132.6% | Feb 6, 2026 |
| Barclays | Analyst unavailable | $115 | $60.54 | +167.5% | Feb 6, 2026 |
| UBS | Analyst unavailable | $74 | $60.54 | +72.1% | Feb 6, 2026 |
| Canaccord Genuity | Jason Tilchen | $140 | $67.43 | +225.7% | Feb 3, 2026 |
| Wedbush | Analyst unavailable | $110 | $73.63 | +155.9% | Jan 30, 2026 |
| BTIG | Analyst unavailable | $141 | $72.18 | +228.0% | Jan 28, 2026 |
| Piper Sandler | Thomas Champion | $125 | $74 | +190.8% | Jan 27, 2026 |
| Deutsche Bank | Analyst unavailable | $115 | $87.28 | +167.5% | Jan 20, 2026 |
| Jefferies | Analyst unavailable | $85 | $82.85 | +97.7% | Jan 15, 2026 |
| Morgan Stanley | Analyst unavailable | $155 | $84.8 | +260.5% | Jan 13, 2026 |
| UBS | Analyst unavailable | $155 | $79.86 | +260.5% | Jan 13, 2026 |
| Wells Fargo | Ken Gawrelski | $107 | $76.42 | +148.9% | Jan 8, 2026 |
| Wolfe Research | Analyst unavailable | $100 | $81.06 | +132.6% | Jan 5, 2026 |
| Jefferies | Analyst unavailable | $100 | $94.64 | +132.6% | Dec 11, 2025 |
| UBS | Analyst unavailable | $99 | $97.64 | +130.3% | Dec 9, 2025 |
| UBS | Christopher Schoell | $103 | $93.7 | +139.6% | Dec 3, 2025 |
| UBS | Analyst unavailable | $120 | $113 | +179.1% | Oct 31, 2025 |
| Needham | Bernie McTernan | $159 | $113.22 | +269.9% | Oct 31, 2025 |
| Piper Sandler | Ross Sandler | $130 | $113 | +202.4% | Oct 31, 2025 |
| Oppenheimer | Martin Yang | $150 | $113 | +248.9% | Oct 31, 2025 |
| Goldman Sachs | Analyst unavailable | $180 | $113 | +318.7% | Oct 31, 2025 |
| Canaccord Genuity | Analyst unavailable | $160 | $113.03 | +272.2% | Oct 30, 2025 |
| Goldman Sachs | Eric Sheridan | $155 | $119.86 | +260.5% | Oct 30, 2025 |
| Roth Capital | Eric Handler | $146 | $134.49 | +239.6% | Oct 17, 2025 |
| Raymond James | Analyst unavailable | $165 | $128.24 | +283.8% | Oct 14, 2025 |
| Jefferies | James Heaney | $130 | $128.24 | +202.4% | Oct 14, 2025 |
| Morgan Stanley | Analyst unavailable | $170 | $128.24 | +295.4% | Oct 13, 2025 |
| Wells Fargo | Ken Gawrelski | $155 | $133.5 | +260.5% | Oct 3, 2025 |
| BMO Capital | Analyst unavailable | $160 | $134.07 | +272.2% | Oct 2, 2025 |
| Arete Research | David Mak | $116 | $131.17 | +169.8% | Sep 9, 2025 |
| Wolfe Research | Analyst unavailable | $150 | $117.52 | +248.9% | Aug 22, 2025 |
| BTIG | Clark Lampen | $131 | $119.06 | +204.7% | Jul 28, 2025 |
| Oppenheimer | Martin Yang | $80 | $71.82 | +86.1% | May 5, 2025 |
| FBN Securities | Analyst unavailable | $65 | $59.07 | +51.2% | Mar 28, 2025 |
| Raymond James | Andy Marck | $63 | $58.05 | +46.5% | Dec 5, 2024 |
| Roth Capital | Eric Handler | $43 | $42.3 | +0.0% | Oct 29, 2024 |
| Piper Sandler | Thomas Champion | $54 | $41.74 | +25.6% | Oct 9, 2024 |
| Stifel Nicolaus | Drew Crum | $49 | $37.96 | +14.0% | Aug 2, 2024 |
| Wells Fargo | Ken Gawrelski | $43 | $38.92 | +0.0% | Jul 8, 2024 |
| Macquarie | Aaron Lee | $46 | $35.52 | +7.0% | Jun 14, 2024 |
| Wells Fargo | Ken Gawrelski | $41 | $36.03 | -4.6% | Jun 13, 2024 |
| Deutsche Bank | Benjamin Black | $40 | $31.36 | -7.0% | May 10, 2024 |
| Piper Sandler | Thomas Champion | $40 | $30.92 | -7.0% | May 10, 2024 |
| Canaccord Genuity | Jason Tilchen | $48 | $30.42 | +11.7% | May 10, 2024 |
| BTIG | Clark Lampen | $46 | $30.42 | +7.0% | May 10, 2024 |
| Wells Fargo | Ken Gawrelski | $37 | $30.42 | -13.9% | May 10, 2024 |
| MoffettNathanson | Clay Griffin | $26 | $30.42 | -39.5% | May 10, 2024 |
| Goldman Sachs | Eric Sheridan | $48 | $46.14 | +11.7% | Feb 8, 2024 |
| Piper Sandler | Ross Sandler | $46 | $44.87 | +7.0% | Feb 8, 2024 |
| Wedbush | Nick McKay | $53 | $38.74 | +23.3% | Jan 31, 2024 |
| Wells Fargo | Ken Gawrelski | $49 | $42.53 | +14.0% | Dec 13, 2023 |
| Needham | Bernie McTernan | $51 | $38.28 | +18.6% | Nov 16, 2023 |
| Wedbush | Nick McKay | $49 | $38.05 | +14.0% | Nov 9, 2023 |
| Raymond James | Andrew Marok | $41 | $31.12 | -4.6% | Oct 27, 2023 |
| Roth Capital | Eric Handler | $48 | $30.69 | +11.7% | Aug 10, 2023 |
| Wedbush | Nick McKay | $37 | $37.74 | -13.9% | Aug 8, 2023 |
| Truist Financial | Matthew Thornton | $45 | $45.69 | +4.7% | Jul 18, 2023 |
| Needham | Bernie McTernan | $48 | $40.02 | +11.7% | Jun 28, 2023 |
| Needham | Bernie McTernan | $39 | $26.9 | -9.3% | Dec 16, 2022 |
| Truist Financial | Matthew Thornton | $37 | $28.15 | -13.9% | Dec 15, 2022 |
| Deutsche Bank | Analyst unavailable | $45 | $36.08 | +4.7% | Nov 14, 2022 |
| Morgan Stanley | Matt Cost | $35 | $33.73 | -18.6% | Nov 10, 2022 |
| Goldman Sachs | Analyst unavailable | $24 | $33.73 | -44.2% | Nov 10, 2022 |
| Barclays | Mario Lu | $20 | $35.38 | -53.5% | Oct 11, 2022 |
| Needham | Bernie McTernan | $53 | $39.48 | +23.3% | Sep 16, 2022 |
| KeyBanc | Tyler Parker | $40 | $48.01 | -7.0% | Aug 10, 2022 |
| MKM Partners | Eric Handler | $40 | $48.9 | -7.0% | Aug 9, 2022 |
| BTIG | Clark Lampen | $57 | $40.76 | +32.6% | Jul 21, 2022 |
| Morgan Stanley | Brian Nowak | $25 | $36.06 | -41.8% | Jun 28, 2022 |
| MKM Partners | Eric Handler | $28 | $35.93 | -34.9% | Jun 28, 2022 |
| Stifel Nicolaus | Drew Crum | $40 | $35.93 | -7.0% | Jun 28, 2022 |
| Needham | Bernie McTernan | $40 | $35.93 | -7.0% | Jun 28, 2022 |
| Goldman Sachs | Eric Sheridan | $28 | $30.5 | -34.9% | Jun 9, 2022 |
| Stifel Nicolaus | Drew Crum | $45 | $32.55 | +4.7% | May 18, 2022 |
| Daiwa | Jonathan Kees | $38 | $31.94 | -11.6% | May 17, 2022 |
| Truist Financial | Matthew Thornton | $36 | $23.19 | -16.3% | May 11, 2022 |
| Stifel Nicolaus | Analyst unavailable | $53 | $33.16 | +23.3% | May 3, 2022 |
| Morgan Stanley | Brian Nowak | $32 | $30.46 | -25.6% | Apr 27, 2022 |
| Citigroup | Jason Bazinet | $59 | $44.73 | +37.2% | Apr 7, 2022 |
| Daiwa | Jonathan Kees | $56 | $50.92 | +30.3% | Mar 29, 2022 |
| Needham | Bernie McTernan | $60 | $49.62 | +39.6% | Mar 20, 2022 |
| Deutsche Bank | Benjamin Black | $60 | $39.24 | +39.6% | Mar 12, 2022 |
| Goldman Sachs | Michael Ng | $124 | $54.49 | +188.4% | Feb 17, 2022 |
| Truist Financial | Matthew Thornton | $70 | $54.49 | +62.8% | Feb 17, 2022 |
| J.P. Morgan | David Karnovsky | $100 | $53.87 | +132.6% | Feb 16, 2022 |
| Morgan Stanley | Brian Nowak | $65 | $53.87 | +51.2% | Feb 16, 2022 |
| Bank of America Securities | Omar Dessouky | $84 | $68.32 | +95.4% | Feb 14, 2022 |
| Atlantic Equities | Kunaal Malde | $125 | $126.12 | +190.8% | Nov 18, 2021 |
| LightShed Partners | Brandon Ross | $85 | $67.9 | +97.7% | May 7, 2021 |
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Start freeCompany context
Snapshot as of publicationRoblox 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.
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Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T18:30:40.443188+00:00
- 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.