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Roblox stock slips 10% as company expects more spending on safety

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Roblox shares sank 10% on Thursday as the company said it expects increased capital expenditures that could pressure margins.

The gaming company said it expects capital expenditures of $468 million, an increase of $158 million from prior guidance.

“Our operating margin could decline slightly year-over-year due to the combination of higher DevEx rates and the impact of infrastructure and safety related investments catching up with rapid bookings growth in the back half of 2025,” the company said in a letter to shareholders.

The company’s Developer Exchange Program (DevEx) lets creators exchange Robux for real money.

The gaming company’s margin and spending comments overshadowed an otherwise strong third-quarter report.

Roblox’s third-quarter revenue rose 48% year-over-year to $1.36 billion, while bookings surged 70% to $1.92 billion, beating LSEG estimates of $1.65 billion.

The company posted a loss of 37 cents per share, which beat analyst expectations for a loss of 49 cents per share.

“Our third-quarter results demonstrate the tremendous progress weʼve made toward our goal of capturing 10% of the global gaming market,” CEO David Baszucki said in a release.

Roblox boosted booking guidance for the fiscal year to between $6.57 billion and $6.62 billion, up from its previous forecast of $5.87 billion-$5.97 billion the quarter before.

The strong outlook may have been overlooked by the company’s widening net loss of $255 million, a loss of 37 cents per share, up from a net loss of $239 million, a loss of 37 cents per share, last year.

Average daily users were at 151.5 million, up 70% over the year prior, but average bookings per DAU of $12.68 missed the StreetAccount expectation of $13.24.