At its annual developer conference, Roblox announced new features including AI-powered game creation tools, expanded NPC functions, and cross-platform game availability on mobile, PC, consoles, and web browsers. The platform is broadening access to its generative AI tool 'Build' beyond New Zealand to Serbia and Singapore, adding desktop support and new creative features. Roblox also introduced a Roblox Wallet for creators to receive real money payouts daily and plans to launch a Roblox Card for spending earnings. These updates aim to make game creation easier, expand game reach, and enhance player engagement globally.
Unity Software's stock rose 5% for a second day after announcing early engine support for Meta's upcoming VR headset, allowing developers to start creating content ahead of the device's retail launch next spring. This early support positions Unity as...
GameStop's stock rose 4% following CEO Ryan Cohen's recent purchase of 450,000 shares worth $10.6 million, continuing his pattern of insider buying that has supported the stock despite challenges in the traditional gaming retail business. This buying...
Jefferies downgraded Roblox to "underperform" from "hold," citing concerns that the recent 30% rally was overly optimistic about bookings growth in the next 12 months. The broker cut its 2026 and 2027 bookings and EBITDA forecasts, expecting slower u...
Roblox stock fell 6% following Jefferies' downgrade to Underperform and a price target cut to $38, citing concerns over overly optimistic bookings outlook and slower user growth in the US and Canada. This downgrade contrasts with steady performance i...
