Roblox (NYSE: RBLX) reported third-quarter results this morning that exposed a fundamental tension in the platform’s story.

Roblox is growing at an incredible rate, which is likely why the stock has more than doubled in 2025. The company's net losses are getting bigger, causing some investors to rethink their conviction.

Roblox posted a wider third-quarter loss but boosted its revenue forecast for the year as a pair of videogaming crazes ...