Roblox Authorizes $3 Billion Share Repurchase

Roblox Corporation Corporation announced its Board of Directors authorized a share repurchase program of up to $3 billion of the company's Class A common stock. The company intends to buy back up to $1 billion over the next twelve months. This program, the first for Roblox Corporation since its public listing, is designed to partially offset dilution from employee equity grants while preserving flexibility for future growth investments. Naveen Chopra, Chief Financial Officer of Roblox Corporation, stated that this authorization reflects confidence in the company's long-term prospects. Repurchases may occur through open market purchases, privately negotiated transactions, or other methods, including trading plans under SEC Rule 10b5-1, and will comply with applicable securities laws. The program has no fixed expiration date and its timing, manner, price, and amount will be determined at Roblox Corporation's discretion.