Roblox guides Q3 revenue to $1.41B-$1.49B as growth slows

Roblox Corp. projected third-quarter revenue of $1.41 billion to $1.49 billion, signaling a moderation in growth for the online gaming platform.

"The gaming industry is returning to more normalized engagement patterns," Chief Executive David Baszucki said in the company's outlook statement.

The midpoint of the guidance range, $1.45 billion, would represent an increase from the prior quarter, though Roblox did not disclose second-quarter results for comparison. The company also indicated that bookings, a measure of virtual currency sales, are expected to decline in the third quarter, according to a Wall Street Journal report. Consensus estimates for the quarter were not yet available.

The guidance comes as Roblox navigates a post-pandemic environment where user growth has moderated from the surge seen during lockdowns. The company has been expanding into advertising and e-commerce to diversify revenue beyond in-game purchases of its Robux currency. Analysts will focus on whether Roblox can sustain engagement among its core younger demographic while attracting older users.

For investors, the guidance midpoint of $1.45 billion sets a benchmark for the third quarter. Roblox is scheduled to report full Q3 results in October, when the market will assess whether the company can reverse the bookings decline and stabilize its growth trajectory.

This article is for informational purposes only and does not constitute investment advice.