$RBLX · Schwab Network · 2026-10-30
Roblox本季度表现喜忧参半：营收17亿美元、每股亏损32美分，均超出预期；但日活跃用户下降9%至1.38亿，低于预期，用户参与时长下降15%，预订额下降12%。新增的家长控制功能是短期限制，预计长期将带来帮助；游戏竞争依然存在，但情况并非全然糟糕。
逐段跳播
我们来谈谈 Roblox，因为存在用户趋势问题的公司不止它一家。日活跃用户数似乎低于预期，但下降了大约 9.5%。
Let's talk about Roblox, because they're not the only company with user trend problems. The number of daily active users appears to be lower than expected , but has decreased by roughly 9.5 percent.
我知道我有点在开玩笑，但在当前市场，9.5% 的降幅已经司空见惯了。是的，确实如此。而且这里还有几个挑战。这是另一家表现超出预期的公司，但问题在于用户参与度，这是我们在社交媒体或像 Roblox 这样的游戏平台上更常见到的情况。
I know I'm joking a bit , but a 9.5 percent decline in the current market is now commonplace. Yes, really. And there are also several challenges here. This is another company that has performed better than expected, but the problem is engagement, and this is something we see more often on social media or gaming platforms like Roblox.
参与率是多少？他们报告今年亏损 32 美分，好于预期。营收为 17 亿，也高于预期。日活跃用户下降 9%，至 1.38 亿。所以，这低于华尔街的预期。参与时长下降了 15%。也就是说，用户在平台上花费时间的比率下降了。预订量下降了 12%。
What is the engagement rate? They reported a loss of 32 cents this year , which was better than expected. Revenue is 1.7 billion, which is also higher than expected. Daily active users fell 9 percent to 138 million.
So, it's lower than Wall Street's expectations. Engagement time has decreased by 15 percent. That is, the rate of time spent on the platform has decreased. Bookings have decreased by 12 percent.
这基本上就是 Robux 或他们的创收方式。他们最近新增的功能，作为家长我亲身了解，加强了管控系统。他们把这看作一种短期限制，但预计长期会有帮助。他们推出了各种安全措施，可以让你看到孩子在平台上花了多少时间。如果你想，还可以施加更多管控。
This is basically Robux or their revenue generation method. The things they've added recently, and as a parent I know personally, have increased the control system. They see it as a short-term limitation.
But it is expected to help in the long run. They have introduced various safety measures that can show you how much time your child is spending on the platform. You can impose more control if you want.
我的孩子本人在这上面花的时间比以前少了。《99 Nights in the Forest》是他玩的游戏之一。这已经不再是他们的重磅游戏之一了。去年他经常玩 Stardew Valley，还有另一款游戏 Royal Garden。
这些游戏当时非常受用户欢迎。我的孩子今年不玩 Stardew Valley 了。
My child is personally spending less time on it than before. '99 Nights in the Forest' is one of the games he plays. This is not one of their blockbuster games anymore. Last year, Stardew Valley, which he played regularly, and Royal Garden were another game.
They were very popular with their users. My child is not playing Stardew Valley this year.
我知道这只是单个用户的体验，但从整体数据来看，它不像去年一些热门游戏那么受欢迎。所以，现在要比较他们平台上的热门游戏变得更难了。而且这里还有竞争，Alex。但情况并非完全糟糕。
I know this is just one user's experience, but in terms of overall data, it's not as popular as some of the popular games of last year. So, it has now become more difficult to compare popular games on their platforms.
And there's competition here, Alex. But the situation is not entirely bad.
这个频道对 $RBLX 的历次判断
Schwab Network 在这只股票上共 2 条判断，这里只列相邻的几条。