RBLX
Beats on the tape, misses on the vibe
Roblox came out swinging in Q1 2026: revenue hit $1.73 billion, losses were lighter than expected, and engagement metrics kept climbing like kids on a sugar rush in a trampoline park. DAUs jumped to 132 million, hours engaged rose 43%, and bookings grew 43% year over year.
But the forward look is the whole ball game
Here’s the problem: investors don’t buy yesterday’s homework. Roblox lowered its fiscal 2026 revenue outlook to $7.33 billion to $7.6 billion, which lands below the $8.13 billion analysts were modeling. That’s the kind of miss that makes a perfectly good quarter feel like someone kicked over the snack table.
Why the stock is getting punished
The market is basically saying: “Nice quarter, now prove the engine can keep humming.” Even with stronger user growth and more paying users, the reduced revenue guide raises questions about monetization and how much of this engagement boom is actually turning into durable dollars.
Big picture
Roblox is still showing it can get more people in the door and keep them there. But if the company can’t translate that into a cleaner revenue runway, investors are going to keep treating these earnings beats like a teaser trailer instead of the full movie.