Overview
- Investors bought the dip Monday, lifting RBLX about 9.5% to roughly $46.93 after a week of selling.
- The board approved up to $3 billion in share repurchases and said it plans to buy up to $1 billion over the next year.
- Management cut 2026 adjusted revenue guidance to $7.33 billion to $7.6 billion and issued lighter Q2 targets, pointing to slower adoption tied to new age checks that restrict chat for unverified users.
- Usage remains strong, with daily active users up 35% to 132 million, quarterly bookings up 43% to $1.7 billion, and average monthly payers up 52% to 31 million.
- Needham reiterated a Buy rating with a $60 price target after third‑party data showed user growth over the weekend.