Roblox Corporation (RBLX)
Recap: Q1 2026
FY2026 Bookings Guide Cut by 14pp (+22-26% → +8-12%) on Age-Check Second-Order Effects to the Sign-Up Funnel, Thesis Intact, Trajectory Reset, Wait for Recovery Evidence
Recap: Q4 2025
FY2025 Closed +55% Bookings vs. the +21% Original Guide (2.6x), Q4 Cleared Street Without a New Viral Hit, 18+ Cohort Disclosed at 50%+ Growth and 40% Higher Monetization — 2026 Guided +22-26%, Stock +18% AH Vindicates the Post-Q3 Upgrade
Recap: Q3 2025
Bookings Re-Accelerate to +70%, Multi-Hit Ecosystem Deepens to 7 Experiences at 10M+ DAUs, Non-Top-10 Engagement Growth Accelerates to +58% — Use the 10% Sell-Off on Margin/2026 Conservatism
Recap: Q2 2025
Bookings $1.44B (+51%) Cleared the Street by 13%, DAUs Cross 100M to 111.8M, FY Guide Raised $610M — But the Stock Ran 35% in a Month and CFO/CPO Transitions Land at Peak Operating Moment