Overview

A class action lawsuit has been filed against Roblox Corporation (“Roblox” or the “Company”) (NYSE : RBLX), and certain of the Company’s senior executive officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Roblox lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Roblox common stock between October 30, 2025, and April 30, 2026, inclusive (the “Class Period”). Investors have until August 7, 2026, to seek appointment as lead plaintiff of the Roblox class action lawsuit.

Roblox operates a global online gaming and creation platform that enables users to create, share, and engage with immersive digital experiences. During the Class Period, the Company promoted its rollout of age-verification technology, which required users to complete age checks before accessing certain features.

Defendants told investors that after the rollout of the age verification technology, Roblox was still positioned for “tremendous organic growth” and that they were “bullish of [the Company’s] future.” Defendants also stated the age verification technology would “add long-term value” for shareholders.  In February 2026, Roblox projected fiscal 2026 bookings growth of 22% to 26%, which management stated reflected confidence in adoption of the Company’s age-checking technology.

The complaint alleges that these statements were materially false and misleading because Roblox understated the negative impact that the age-verification rollout would have on user engagement, platform communications, app-store ratings, organic user acquisition, and bookings growth. Investors further allege Roblox relied too heavily on viral events to drive growth.

The truth emerged on April 30, 2026, when Roblox reported first-quarter 2026 financial results and significantly reduced its full-year outlook. The Company lowered its fiscal 2026 bookings growth guidance to 8% to 12% and disclosed that the age-verification rollout had caused greater-than-expected reductions in communications activity, user engagement, app-store ratings, and organic sign-ups. Management further acknowledged that adoption of the age-verification system had reached only 51% of global daily active users and that continued safety-related initiatives were expected to create additional near-term headwinds.

Following these disclosures, Roblox’s stock price fell more than 18%, declining from $55.26 per share on April 30, 2026, to $45.13 per share on May 1, 2026. Analysts subsequently lowered price targets and reduced growth expectations, citing concerns that the age-verification rollout had been significantly more disruptive to bookings growth and user engagement than previously disclosed.

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If you purchased or otherwise acquired Roblox common stock between October 30, 2025, and April 30, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Roblox class action lawsuit is August 7, 2026.