Roblox Corp. (RBLX) announced that its board has authorized the repurchase of up to $3 billion of the company's common stock with the intent to buy back up to $1 billion over the next twelve months.
The program is designed to partially offset dilution from employee equity grants while preserving flexibility to invest in future growth opportunities, the company said.
RBLX closed the regular trading session at $44.45, down $2.53 or 5.39%. However, in the overnight trading session, the stock rebounded to $45.65, gaining $1.20 or 2.70%.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.