Roblox Stock Falls to Worst Day Ever After Q2 Earnings Miss
Roblox (RBLX) experienced its worst single-day stock decline, falling nearly 29% after missing earnings expectations in the second quarter. The gaming platform reported a loss of 26 cents per share with total bookings rising only 8% year-over-year to $1.57 billion. Roblox also refrained from providing full-year guidance and issued weaker-than-expected third-quarter forecasts, which analysts had anticipated would be significantly higher. The company cited reduced spending by younger users in the U.S. and Canada as a key factor behind underperformance, along with content visibility changes that hurt engagement. Analysts responded negatively; BTIG and Benchmark Equity Research downgraded Roblox to Sell from Neutral or Hold, citing concerns over brand strength and strategic direction. However, some analysts like Morgan Stanley remained cautiously optimistic about long-term user activity. The selloff exacerbated a difficult year for the stock, which had already fallen 40% in 2026 before Friday’s drop.
Tickers: $RBLX
Topics: analyst downgrades guidance cut Q2 earnings miss stock decline