Roblox (RBLX) Stock: What to Watch When Q1 Earnings Drop Thursday

TLDR

• Roblox reports Q1 earnings on April 30, with analysts expecting a loss of $0.41–$0.43 per share
• Revenue is forecast at $1.73–$1.74 billion, up over 43% year-over-year
• Options traders are pricing in a ~15% move in either direction post-earnings
• Daily Active Users are expected to hit 145.65 million, up from 97.8 million a year ago
• Multiple analysts cut price targets but maintain Buy ratings, with a consensus target of $105.10

Roblox stock is down roughly 30% year-to-date heading into its Q1 2026 earnings report on April 30. The platform reported strong Q4 2025 numbers, so there’s real pressure to deliver again.

Roblox Corporation, RBLX

Wall Street expects a net loss of $0.41 to $0.43 per share for the quarter. That’s wider than the $0.32 loss posted in Q1 2025. Revenue is forecast at around $1.73–$1.74 billion, which would represent over 43% growth year-over-year.

Bookings — a key metric for Roblox — are also expected to come in at $1.73 billion, compared to $1.21 billion in the same quarter last year.

The consensus EPS estimate has actually been revised 5% higher over the past 30 days, which suggests analysts have grown slightly more optimistic heading into the print.

User Growth in Focus

Daily Active Users are the number Wall Street will be watching most closely. Analysts expect DAUs to hit 145.65 million, up sharply from 97.8 million in Q1 2025.

Total hours engaged are projected at 34.59 billion, compared to 21.70 billion a year ago. Growth is expected across all regions — APAC, Europe, US & Canada, and Rest of World.

DAUs in APAC are expected to reach 44.25 million, up from 26.3 million. European DAUs are forecast at 34.69 million, up from 23.6 million. The US & Canada figure is projected at 24.88 million, versus 19.7 million last year.

Options traders are bracing for a big reaction. The implied move in RBLX stock post-earnings is around 15% in either direction. That’s well above the stock’s average post-earnings move of 9.59% over the last four quarters.

Analysts Cut Targets, Stay Bullish

Deutsche Bank’s Benjamin Black lowered his price target to $85 from $115, citing softer engagement trends. He did flag Roblox’s subscription service as a continued bright spot.

Goldman Sachs analyst Eric Sheridan trimmed his target to $125 from $140 but kept a Buy rating. He said platform initiatives and intra-quarter data still support the long-term growth case.

Wedbush’s Michael Pachter cut to $90 from $110, also maintaining a Buy. He noted the stock has already been sold off from its August 2025 peak, with slower DAU growth and weaker concurrent user trends already factored in by the market.

Across 17 Buy ratings, four Holds, and one Sell over the past three months, RBLX holds a Moderate Buy consensus. The average price target sits at $105.10, implying upside of around 82.7% from current levels.

Roblox reports after market close on April 30. Forward guidance and engagement trends will likely drive the stock’s reaction more than the headline numbers.

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