Roblox (RBLX) shares plunged over 18% on Friday, May 1. Market analysis of the decline continued into Monday, May 4. The company reduced its full-year 2026 bookings forecast to a range of $7.33 billion to $7.60 billion. This revision marks a significant decrease from the prior estimate of $8.28 billion to $8.55 billion.
The downgrade overshadowed a 43% year-over-year jump in first-quarter bookings. Management attributed the revision to headwinds from the global rollout of mandatory age-verification tools. These safety initiatives restrict on-platform communication for unverified users.
Only 51% of global daily active users had completed the age check as of the first quarter. Restricted players reportedly spend significantly less than verified users. These limitations have slowed both user acquisition and platform engagement.