10:34 AM EDT, 10/24/2025 (MT Newswires) -- Roblox ( RBLX ) is likely to report Q3 results above analyst expectations driven by rising user activity and improving monetization trends, though management is likely to remain cautious in its outlook, Wedbush said in a report Friday.

Average concurrent users rose about 128% year over year in Q3 and app daily active users climbed 81%, according to data from Similarweb, implying 135 million to 140 million DAUs versus the Street's 128.1 million estimate, the report said. That supports potential bookings of $1.78 billion to $1.85 billion and adjusted earnings before interest, taxes, depreciation, and amortization of $450 million to $475 million, both above consensus forecasts, according to Wedbush.

Wedbush said recent hit games underscore Roblox's ( RBLX ) platform strength and ability to drive organic engagement. Looking ahead, the firm expects long-term upside from advertising and a higher revenue share for developers that could attract major franchises.

Wedbush maintained its outperform rating on Roblox ( RBLX ) with a $165 price target.

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