---
title: "Roblox Stock Rises After The Close: Here's Why"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286967427.md"
description: "Roblox Corp (NYSE:RBLX) shares rose 4.11% in after-hours trading following the announcement of a new share repurchase program, authorizing up to $3 billion in buybacks. The company plans to repurchase $1 billion of its common stock over the next year, reflecting confidence in its long-term growth potential. Roblox's cash position has increased by $1.7 billion over the past year, totaling $6.2 billion as of March 31."
datetime: "2026-05-19T20:53:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286967427.md)
  - [en](https://longbridge.com/en/news/286967427.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286967427.md)
---

# Roblox Stock Rises After The Close: Here's Why

**Roblox Corp** (NYSE:RBLX) shares are rising in extended trading Tuesday after the company announced a new share repurchase program.

-   **Roblox stock is trending. Where are RBLX shares going?**

## **Roblox’s Inaugural Buyback Program**

After the market close on Tuesday, Roblox announced its board authorized the repurchase of up to $3 billion of the company’s common stock.

The new buyback authorization does not have a fixed expiration date. Roblox noted that it currently intends to repurchase up to $1 billion of its common stock over the next year.

“Today’s authorization of Roblox’s first-ever share repurchase program is a testament to our confidence in the long-term opportunity ahead,” said **Naveen Chopra**, CFO of Roblox.

“Investing in continued growth will always be our highest priority, but the strength of our balance sheet and free cash flow generation allows us to support industry-leading innovation while simultaneously reducing dilution.”

Roblox had $6.2 billion of total cash, cash equivalents and investments as of March 31. The company’s cash position has grown by $1.7 billion over the past year.

## **RBLX Shares Rally**

**RBLX Price Action:** Roblox shares were up 4.11% in after-hours Tuesday, trading at $46.27 at the time of publication, per Benzinga Pro.

**Read Also: Chip Stocks Just Hit A Record Overbought Level: History Shows The Aftermath Is Rough**

_Image: Shutterstock.com_

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