Roblox shares drop after weak Q3 bookings forecast

Roblox expects third-quarter bookings between $1.58 billion and $1.65 billion, compared with estimates of $1.77 billion, according to data compiled by LSEG.

Thirty-seven analysts rate the stock "buy" on average, and the median price target is $60, LSEG data showed.

Up to the previous day's close, the stock had fallen about 40% year to date.

Shares of gaming platform Roblox RBLX.N fell nearly 16% to $40.84 premarket after the company forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift toward lower-spending games and new safety measures weigh on in-app purchases.

Piper Sandler said the company's revenue miss was driven by two factors: 2025's high-monetizing viral hits matured and were replaced by lower-monetizing evergreen content, while a discovery algorithm change shifted focus toward long-term retention rather than near-term monetization.

Piper Sandler said Roblox's safety initiatives are coming as the company faces tough year-over-year comparisons and the looming launch of GTA 6, making it harder for management to improve investor sentiment.