Roblox shares drop 17% as weak Q4 guidance overshadows a Q3 beat
Photo: Crypto Briefing
The gaming platform topped Wall Street estimates on revenue, earnings and bookings, but shrinking engagement and rising AI costs spooked investors Roblox beat Wall Street’s expectations for the third quarter. Investors responded by knocking roughly 17% off the stock in after-hours trading. The culprit was the outlook. The company issued fourth-quarter guidance that pointed to falling bookings, while flagging higher spending on artificial intelligence. Roblox reported its Q3 2026 results on October 29. Revenue came in at $1.572 billion, a 16% increase from the same period a year earlier. Bookings totaled $1.697 billion, down 12% year over year.
Source: Crypto Briefing
