Roblox Shares Drop 10% Despite Booking Beat on Record User Growth

Roblox Corp. (NYSE: RBLX) shares tumbled more than 10% in intra-day trading on Thursday, even after the gaming platform posted better-than-expected third-quarter bookings fueled by record user growth and higher engagement.

Bookings reached $1.92 billion, a 70% increase from the prior year and above analyst estimates of $1.68 billion. The company reported a quarterly loss of $0.37 per share, narrower than expectations for a $0.49 loss. Revenue rose 48% year-over-year to $1.36 billion.

Daily active users surged 70% to 151.5 million, while total hours engaged jumped 91% to 39.6 billion. Monthly unique payers climbed 88% to 35.8 million, reflecting continued momentum across geographies and age groups.

Roblox raised its full-year 2025 bookings forecast to between $6.57 billion and $6.62 billion, up sharply from its prior guidance of $5.87 billion–$5.97 billion and above the analyst consensus of $6.16 billion. For the fourth quarter, the company projected bookings between $2.00 billion and $2.05 billion, implying year-over-year growth of 47%–51%.