Added to YB: 2026-08-28
Pitch date: 2026-08-26
RBLX [neutral]
Roblox Corporation
+1.06%
current return
Author Info
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Company Info
Roblox Corporation operates an immersive platform for connection and communication in the United States and internationally.
Market Cap
$26.8B
Pitch Price
$37.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
-42.78
P/E
-26.55
EV/Sales
4.51
Sector
Entertainment
Category
growth
Roblox: The YouTube of games
RBLX (bearish): Roblox has grown LTM revenue to $5.7B, but still carries a -21% operating margin; conversion of $7.4B in bookings would lift that only to roughly 2% at the current run rate. Spending per user is flat, Q1/Q2 bookings declined after viral hits faded, and developers receive only about 22% of purchaser cash after Robux conversion despite a stated 70% Robux share. The valuation requires advertising, Build, pricing, user aging and restructuring to drive margins toward ~20%, amid child-safety, content-quality and virality risks.
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