Roblox Corp (RBLX.N): RoMonitor Week 33 Update: CCUs Up 6% Sequentially

研报英文原文证据摘录

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17 Aug 2026 11:24:18 ET │ 19 pages

Roblox Corp (RBLX.N)

RoMonitor Week 33 Update: CCUs Up 6% Sequentially

CITI'S TAKE

During week 33 (August 10th to August 16th), RoMonitor suggests average

peak CCUs were 17.1 million, down 17% versus the year-ago period but up

6% compared to the prior week. While company guidance for 3Q26

bookings of $1.57 billion to $1.65 billion surprised us, the only way we can

make sense of the guide is to moderate bookings per payer. If we assume

$51 (down from $58 in 2Q26), we believe CCU trends are consistent with

bookings of $1.68 billion. This is just above the high-end of the bookings

guidance.

Week 33 CCU Growth — During week 33 (August 10th to August 16th 2026),

RoMonitor’s average peak CCUs were 17.1 million, down 17% over the year-ago

period. However, this is against difficult compares. Sequentially, average peak CCUs

were up 6%.

Bookings Implications — Even if we make conservative assumptions for bookings

per payer – of $51 per quarter - we believe the QTD CCU data for 3Q26 is consistent

with bookings of $1.68 billion. This is just above the high end of company’s guidance

($1.65 billion) and Visible Alpha consensus of $1.61 billion.

n

Buy

Price (17 Aug 26 09:54)

US$37.78

Target price

US$60.00

Expected share price return

58.8%

Expected dividend yield

0.0%

Expected total return

58.8%

Market Cap

US$26,989M

Price Performance

(RIC: RBLX.N, BB: RBLX US)

Jason B Bazinet AC

EPS (US$)

Q1

Q2

Q3

Q4

FY

FC Cons

VA Cons

2025A

-0.32A

-0.41A

-0.37A

-0.45A

-1.51A

-1.54A

2.20A

2026E

-0.35A

-0.26A

-0.43E

-0.49E

-1.47E

-0.37E

Previous

-0.35A

-0.26A

-0.43E

-0.49E

-1.47E

na

2027E

-0.09E

-0.26E

-0.31E

-0.23E

-0.89E

-1.23E

0.11E

Previous

-0.09E

-0.26E

-0.31E

-0.23E

-0.89E

na

2028E

-0.14E

-0.15E

-0.08E

-0.22E

-0.59E

-0.83E

0.49E

Previous

-0.14E

-0.15E

-0.08E

-0.22E

-0.59E

na

Michael Lehman

Aarushi Gupta

Source: Company Reports and dataCentral, Citi Research. FC Cons: First Call Consensus. VA Cons: Visible Alpha Consensus.

Click here for Visible Alpha consensus data