roblox corp completes reincorporation from delaware to nevada

Roblox Corp (NYSE:RBLX), the gaming platform company with a market capitalization of $59 billion, has successfully completed its reincorporation from Delaware to Nevada, as confirmed in a recent SEC filing. The transition became effective on May 30, 2025, at 5:00 p.m. Eastern Time. This move was approved by stockholders during Roblox’s annual meeting on May 29, 2025. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.

The reincorporation process involved filing a certificate of conversion with Delaware’s Secretary of State and articles of conversion with Nevada’s Secretary of State. As a result, Roblox’s corporate governance is now subject to Nevada state laws, along with new articles of incorporation and bylaws.

The change in incorporation state does not affect Roblox’s business operations, management, or financial obligations. The company’s Class A and Class B common stocks have been seamlessly converted to reflect the new Nevada corporation status, maintaining their trading on the New York Stock Exchange under the symbol "RBLX."

During the annual meeting, stockholders also voted on several other proposals. Three directors were elected to the board: Christopher Carvalho, Gina Mastantuono, and Jason Kilar, each set to serve until the 2028 annual meeting. Additionally, stockholders approved a non-binding advisory vote on executive compensation and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025.

The reincorporation is part of Roblox’s strategic decisions, as detailed in the company’s proxy statement filed with the SEC on April 17, 2025. This move is not expected to impact Roblox’s existing contracts or its rights and obligations under those agreements.

This report is based on a press release statement from Roblox Corp filed with the SEC. For deeper insights into Roblox’s financial health and detailed analysis, including 13 additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find exclusive research reports and expert analysis.

In other recent news, Roblox Corporation has been the focus of several analyst assessments following its latest developments. BMO Capital Markets has raised its price target for Roblox to $95, citing strong daily active user growth in the second quarter of 2025, largely driven by the success of the game "Grow a Garden." This led BMO to revise its financial forecasts, projecting second-quarter bookings of $1.216 billion, which surpasses the company’s guidance. Meanwhile, TD Cowen maintained its Sell rating with a $40 target, expressing concerns over the sustainability of engagement metrics and potential disappointment when Q2 results are revealed. Deutsche Bank (ETR:DBKGn) kept its Buy rating and $78 target, optimistic about Roblox’s new Rewarded Video Ads with Google (NASDAQ:GOOGL), which could boost revenue by $150 million to $300 million by 2026.

Goldman Sachs has adjusted its price target to $80, maintaining a Neutral rating, based on a positive outlook for Roblox’s 20%+ growth in bookings and improved EBITDA margins. Macquarie also increased its price target to $80, following Roblox’s strong first-quarter performance, which included a 31% rise in revenue and a 26% increase in daily active users. The company has updated its 2025 revenue forecast to between $5,285 million and $5,360 million, alongside adjusted EBITDA expectations of $1,050 million to $1,110 million. Macquarie highlighted Roblox’s resilience in a challenging economic environment and its unique business model as key factors in its favorable outlook.

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