Research · Sep 3, 2026
[RBLX] Roblox Thesis 2026: Bookings Surge as Platform Expands Beyond Core Demographics
Roblox FY25 (Dec 31, 2025) at $4.89B revenue (+36%). Bookings $2.2B Q4 (+63%); FY +55%. Q4 DAUs +69%, engagement hours 35B (+88%). Q4 monthly unique payers ~37M. APAC extreme growth (Japan +160%, Indonesia >700%). Facial age estimation global rollout Jan 2026. FY26 guide: bookings +22-26%, FCF +26% midpoint, capex up on GPUs + memory.