Roblox Usage Continues to Slip Lower Without Signs of 'Firming' Into Q4, Wedbush Says

MT newswire2026/10/08 15:31

11:31 AM EDT, 10/08/2026 (MT Newswires) -- Roblox (RBLX) usage continues to slip lower, with no signs of "firming" as Q4 starts, Wedbush Securities said in a Thursday note. Weekly concurrent users declined by 14%, from a 17% fall in the previous week, while proxy daily active users were down 14% for the same two-week period, the brokerage said. Both metrics stood at their lowest levels since June, Wedbush noted. A portion of the declines could be attributed to back-to-school seasonality, given similar trends a year earlier, the investment firm said, noting that it is waiting on engagement-to-bookings conversion to be more constructive. Wedbush has a neutral rating and $48 price target on Roblox. Price: 45.02, Change: -1.40, Percent Change: -3.01

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