Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Northern District of California on behalf of shareholders of Roblox Corporation who purchased shares between October 30, 2025 and April 30, 2026.
Roblox and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 30, 2026, the Company announced its financial results for the first quarter of fiscal 2026, disclosing cuts to bookings growth guidance down to 8-12% and a corresponding decline to margin expectations due to an age verification rollout that had caused much more significant impacts to engagement and organic growth than management had previously suggested and that age check adoption had only increased to 51% global daily active users, from 45% at the end of the previous quarter.
On this news, the price of Roblox’s shares fell from a closing market price of $55.26 per share on April 30, 2026, to $45.13 per share on May 1, 2026, a decline of about 18.33% in the span of just a single day.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until August 7, 2026 to request that the court appoint them lead plaintiff.