Roblox Corporation ($RBLX)
Earnings Call Transcript · May 28, 2026
Highlights from the call
Roblox Corporation held its Annual Meeting of Stockholders on May 28, 2026, where no financial performance details were disclosed, leading to a lack of immediate insights into revenue or earnings for the quarter or fiscal year. The meeting focused on the election of directors and the approval of executive compensation, which were both successfully passed. Given the absence of financial updates, investors should remain cautious until further details are released, particularly regarding future guidance and performance metrics.
Main topics
- Director Elections: The Board of Directors successfully reelected David Baszucki, Gregory Baszucki, and Dennis Durkin as Class II directors, ensuring continuity in leadership. This was confirmed with the statement, 'Each of them has therefore been reelected as a director of the company to hold office until the 2029 Annual Meeting of Stockholders.'
- Executive Compensation Approval: The advisory vote for the compensation of named executive officers was approved, indicating shareholder support for management's compensation structure. The approval was noted as 'the number of votes cast for the proposal exceeded the votes cast against the proposal.'
- Ratification of Accounting Firm: Deloitte & Touche LLP was ratified as the independent registered public accounting firm for fiscal 2026, reflecting confidence in the firm's oversight. This was confirmed by stating that 'the number of votes cast for the proposal exceeded the number of votes cast against the proposal.'
- Lack of Financial Updates: The meeting did not include any presentation on the business or financial condition of the company, which may leave investors seeking clarity on performance metrics. This absence of information could lead to uncertainty in the stock's near-term outlook.
Key metrics mentioned
- Revenue:
- Earnings:
- Director Votes: 3 (3 Class II directors were successfully reelected.)
- Executive Compensation Vote Approval: Approved (The proposal exceeded the votes cast against it.)
- Accounting Firm Ratification: Approved (The proposal exceeded the votes cast against it.)
The lack of financial updates during the Annual Meeting of Stockholders may create short-term uncertainty for investors. While the successful reelection of directors and approval of executive compensation are positive signals, the absence of guidance and performance metrics could hinder stock performance. Investors should monitor upcoming disclosures for clarity on financial health and strategic direction.
Earnings Call Speaker Segments
Operator
OperatorHello, and welcome to the Roblox Corporation Annual Meeting of Stockholders. Please note that this meeting is being recorded. [Operator Instructions] I'd now like to turn the conference over to the company.
David Baszucki
ExecutivesGood morning. I'm David Baszucki, Chair of the Board of Roblox Corporation, and it is a pleasure to welcome you to Roblox 2026 Annual Meeting of Stockholders. I will act as Chair of this meeting. I've asked Mark Reinstra, our Chief Legal Officer and Corporate Secretary, to serve as Secretary for this meeting record the minutes and conduct the formal portion of the meeting, including the opening and closing of the polls on all matters to be voted at this meeting. We're holding our annual share -- annual stockholders' meeting virtually this year as authorized by the Board and permitted under Nevada law and Roblox's bylaws. Participation through the meeting platform constitutes presence in person at the meeting for purposes of Nevada law. Please note, this meeting is being recorded. We will conduct the business portion of our meeting first and answer questions at the end of the meeting. Please note, we will not be making any presentation on the business or financial condition of the company at this meeting. It is now shortly after 8 a.m. Pacific Time on May 28, and this meeting is officially called to order. Here with me today are 6 members of our Board of Directors: Gregory Baszucki, Christopher Carvalho, Dennis Durkin, Jason Kilar, Anthony Lee and Andrea Wong. Also attending this meeting are representatives from Deloitte, our independent auditor, Dan Lee and [ Caitlin Liberman ]. Now over to Mark to conduct the formal portion of the need.
Eric Sheridan
AnalystsThank you, Dave. The agenda and rules of conduct are accessible by clicking the documents tab on the top right of your screen. In order to ensure the business of the meeting proceeds efficiently, we ask that you observe those rules. The annual meeting is being held in accordance with Roblox articles of incorporation, bylaws and Nevada law. During the formal meeting, we will address the matters described in the definitive proxy statement filed with the Securities and Exchange Commission on April 16, 2026. I have an affidavit confirming that the notice of meeting, the proxy statement and proxy card were mailed and made available on April 16 to stockholders of record as of the April 1 record date. These records will be filed with the minutes. I have been appointed to act as inspector of elections. I have signed an oath to carry out my duties strict impartiality in accordance with the best of my ability, which will be filed with the minutes of the meeting. As required by the Roblox's bylaws and inspector of election, I will ascertain the number of shares outstanding and the voting power of each and determine the shares represented at the meeting that fall the validity of proxies and ballots a count of all votes and ballots and the final voting results, and I will certify those determinations for the meeting records. We have present in person, including those participating remotely or by proxy, holders of a majority of the voting power of shares issued in outstanding and entitled to vote at this meeting. which constitutes a quorum. Therefore, the meeting is duly constituted, and we may proceed with the business of the meeting. We will vote by proxy and in person electronics. The meeting platform is designed to verify the identity of each participating stockholder and proxy holder and to give stockholders a reasonable opportunity to participate in the meeting vote on the proposals communicate during the meeting and read or hear the proceedings as they occur. Each holder of Class A common stock is entitled to 1 vote for each share held of record at the close of business on the record date. Each holder of Class B common stock is entitled to 20 votes for each share held of record at the close of business on the record date. If you've already voted, no further action is needed. If you would like to vote now or change your vote, please click on the Vote My Shares tab on the right, top right of the screen and follow the instructions there. Stockholders who wish to submit a question during the meeting should click on the questions tab at the top right of the screen. Add your question in the text box and then click the submit button. Today's votes will be combined with those already received, and I will share preliminary results before we adjourn. It is 8:05 Pacific Time on May 28, 2026, and the calls for each matter to be voted on at this meeting are now open. The first item of business is the election of directors. The company's Board presently has 8 members and is divided into 3 classes, each with a 3-year term. There are 3 Class I directors, 3 Class II directors and 2 Class III directors. As detailed in the proxy statement, the Board has nominated David Baszucki and Gregory Baszucki and Dennis Durkin to serve as Class II directors, all of whom are currently serving as directors because no additional nominations were submitted by stockholders in accordance with our bylaws, I declare the nominations closed. Election of each director requires a plurality of the votes cast, meaning the nominees who receive the largest number of votes cast for their election will be elected. Withheld votes, abstentions and broker nonvotes are not considered votes cast for a nominee and have no effect on the outcome. The Board recommends a vote for each nominee and all proxies solicited by the Board will be voted in accordance with the instructions of the stockholder provided that any proxies that were dated and signed without giving specific voting instructions will be voted in accordance with the Board's recommendations. If you are voting on this proposal today, please ensure your vote is submitted now. The next item of business is an advisory vote to approve the compensation of our named executive officers. Approval of this proposal requires that the number of votes cast for the proposal exceed the votes cast against the proposal. Extensions and broker nonvotes are not considered votes cast and had no effect on the outcome. The Board recommended to vote for this proposal and all proxies solicited by the Board will be voted in accordance with the instructions of the stockholder provided that any proxies that were dated and signed without giving specific voting instructions for this proposal will be voted in accordance with the Board's recommendation. If you are voting on this proposal today, please ensure your vote is submitted now. The next item of business is ratification of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. The Approval of this proposal requires that the number of votes cast for the proposal exceeds the number of votes cast against the proposal. As extensions and broker nonvotes are not considered votes cast and have no effect on the outcome. The Board recommends a vote for this proposal, and all proxies solicited by the Board will be voted in accordance with the instructions of the stockholder provided that any proxies that were dated and signed without giving specific voting instructions for this proposal will be voted in accordance with the Board's recommendation. If you're voting on this proposal today, please ensure your vote is submitted now. I have confirmed there are no questions regarding the proposals. It is now 8:09 Pacific Time on May 28, 2026, and the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies or votes and no changes or revocations will be accepted. Based upon all the proxies and ballots received prior to commencement of the meeting, and subject to final adjustment of the numbers for any votes and proxies submitted here today, I can tell you that, with regard to proposal 1, the 3 Class II nominees, David Baszucki, Gregory Baszucki, and Dennis Durkin received the largest number of votes cast for such nominees. Each of them has therefore been reelected as a director of the company to hold office until the 2029 Annual Meeting of Stockholders. With regard to proposal 2, a the advisory vote for the compensation of our named executive officers has been approved because the number of votes cast for the proposal exceeded the number of cast votes cast against the proposal. With regard to proposal 3, the ratification of the independent registered public accounting firm for fiscal 2026 has been approved because the number of votes cast for the proposal exceeded the number of votes cast against the proposal. The final results of voting will be reported on a Form 8-K to be filed with the Securities and Exchange Commission within 4 days of the meeting. As inspector of elections, I will execute a certificate setting forth the results of voting which shall be filed with the minutes of this meeting. There being no further business to come before the formal portion of the meeting. It is now adjourned. Now we would like to open things up with stockholder questions and comments. [Operator Instructions] Since there are no questions have been submitted, I will turn the meeting back over to Dave.
David Baszucki
ExecutivesThank you all for attending today's meeting and for the interest you have shown in Roblox Corporation. We very much appreciate your attendance. And as always, thank you for your support.
Operator
OperatorThis concludes the 2026 Annual Meeting of Stockholders of Roblox Corporation. You may now disconnect. Thank you.
For developers and AI pipelines
Programmatic access to Roblox Corporation earnings transcripts and 32,000+ others is available through the
EarningsCalls.dev REST API. Plans from $24.99/month — full transcripts, speaker segments,
full-text search, and the recently-added /api/v1/transcripts/recent polling endpoint for ETL pipelines.