Roblox shares fell ~22% pre‑market after cutting FY2026 bookings outlook to $7.33‑$7.60 bn, below consensus $8.38 bn.
Q1 bookings $1.7 bn and revenue $1.4 bn (39% YoY) missed estimates, while daily active users 132 m and engagement 31 bn hrs fell short of forecasts.
Guidance reduction stems from mandatory age‑verification rollout and a Dec 2025 ban in Russia, slowing new user acquisition.
Free cash flow rose 40% to $596 m and Roblox launched a $4.99‑monthly “Roblox Plus” subscription; analysts downgraded stock to Market Perform.