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$31.0B
Market Cap
P/E
111.08
PEG
-15.3%
ROCE
N/M
ROE
4.81
D/E
-25.2%
OPM
-64.5%
% from 52W High
13
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for RBLX including FX impact
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📈 Price History
Ratio Health
Excellent
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About

Roblox Corporation operates an immersive platform for connection and communication in the United States and internationally. It offers Roblox Client, an application that allows users to explore immersive experience; Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate immersive experiences and other content; and Roblox Cloud, which provides services and infrastructure that power the platform. Roblox Corporation was incorporated in 2004 and is headquartered in San Mateo, California.

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📈 Growth Pattern
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⭐ Superinvestors Holding RBLX
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 7.13M $403.1M 0.63% Mar 2026
Cathie Wood ARK Investment Management 5.90M $333.5M 2.59% Mar 2026
Jeff Ubben ValueAct Holdings 5.85M $330.8M 5.79% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Mixed ~ Volatile 5 quarters Full tone analysis in Intelligence →
Mixed quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.5B
+36% YoY
Bookings
$1.6B
+8% YoY
DAUs
123M
+10% YoY
Hours Engaged
29B
+5% YoY
Free Cash Flow
$294M
+66% YoY
What Went Right
  • Revenue grew 36% to $1.5 billion; DAUs reached 123 million, up 10%, and hours reached 29 billion, up 5%.
  • Free cash flow jumped 66% YoY to $294 million, with operating cash flow up 60% to $318 million.
  • Age check penetration reached 57% globally and 75% for U.S. under-18; international DAU growth was strong, with Japan +67% and India +64%, while Russia came back online.
What to Watch
  • Bookings growth slowed to 8% ($1.6B), below internal goals, driven by under-13 monetization weakness as engagement shifted from high-monetizing viral games to lower-monetizing evergreen content.
  • Discovery algorithm changes weighted toward long-term retention are reducing near-term monetization more than expected, particularly among younger users.
  • Q3 bookings are guided down 14-18% YoY and full-year guidance was withdrawn due to variability and AI-led infrastructure cost pressure.
Management Guidance
  • Q3 bookings guidance: $1.58 billion to $1.65 billion, down 14-18% year-over-year.
  • Q3 margins will be pressured roughly half from fixed-cost deleveraging on lower bookings and half from incremental AI/infrastructure investments.
  • No revised full-year 2026 guidance; Q4 is expected to have a wide range of outcomes due to platform changes and new initiatives.
Investor Lens
The near-term thesis is clearly weaker: bookings missed internal targets, Q3 is forecast to decline, and monetization visibility is low. That said, management is deliberately trading near-term monetization for long-term retention, with strong cash flow and platform catalysts like Build, Moments, and 18+ content supporting the 10% gaming-share ambition. The thesis remains credible only if the algorithm's retention benefits materialize and under-18 monetization stabilizes. Until those proof points appear, estimates and multiple face elevated risk.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Q2 bookings miss internal target; Q3 guided down 14-18%.
Revenue
Revenue grew 36% year-over-year to $1.5 billion. Bookings grew 8% to $1.6 billion, landing at the low end of guidance but below internal goals. No formal segment revenue split was provided, though international DAU growth was strong, with Japan +67% and India +64%.
Profitability
GAAP operating income and net income were not disclosed on the call. Operating cash flow rose 60% to $318 million and free cash flow rose 66% to $294 million.
Margins
No numerical margin metrics were reported. Management said Q3 margins will face fixed-cost deleveraging from lower bookings plus incremental AI infrastructure costs, with roughly half of the compression coming from each. Long-term margin expansion potential was reaffirmed.
Balance Sheet
Cash, debt and CapEx figures were not discussed. Free cash flow was $294 million, and management said it has ample firepower to fund organic investment, buybacks and potential M&A; the current buyback is primarily designed to offset equity dilution.
Key Risks
Under-13 monetization weakness driven by a mix shift away from high-monetizing viral games. Discovery algorithm changes are creating near-term booking headwinds, though they are expected to lift long-term retention. Q3 bookings are guided down 14-18% YoY and full-year guidance was withdrawn due to variability and AI infrastructure costs.
Outlook
Q3 bookings are guided to $1.58-$1.65 billion, down 14-18% year-over-year. No full-year guidance was provided, as Q4 remains highly uncertain amid platform and discovery changes.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Revenue grew 36% year-over-year to $1.5B, but bookings growth slowed to 8% due to monetization headwinds in younger cohorts. Strategic investments in AI, safety, and content diversification are expected to drive long-term growth, despite near-term margin pressure and a forecasted bookings decline in Q3.
Q1 2026 Q1 2026 2026-04-30
Revenue and bookings grew 39% and 43% year-over-year, with strong international and 18+ user growth. Safety initiatives, including global age checks, are causing short-term headwinds, leading to reduced full-year guidance, but long-term engagement and monetization remain robust.
Q4 2025 Q4 2025 2026-02-05
Revenue and bookings growth far exceeded guidance in 2025, with strong user and engagement gains across all regions. 2026 guidance anticipates 22%-26% bookings growth, continued investment in AI and safety, and a shift to quarterly guidance due to content unpredictability.
Q3 2025 Q3 2025 2025-10-30
Q3 saw record growth in users, engagement, and bookings, with DAUs up 70% and revenue up 48% year-over-year. Investments in AI, safety, and infrastructure are driving long-term growth, though margin compression is expected as growth investments accelerate.
Q2 2025 Q2 2025 2025-07-31
Q2 2025 saw revenue up 21% and bookings up 51% year-over-year, with DAUs reaching 111.8 million and strong growth across all regions and age groups. Full-year guidance was raised, reflecting confidence in capturing a larger share of the global gaming market.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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