markets

Max Knoblauch12/17/25

Roblox willing to make changes to have its ban lifted in Russia, one of its biggest markets

Gaming platform Roblox on Wednesday said it is willing to make certain changes in order to have its ban lifted in Russia.

Russia banned Roblox earlier this month, alleging that the platform hosted “extremist materials” and “LGBT propaganda.” The country is a top 5 market for Roblox.

Shares were up 0.7% in recent trading.

The company is “ready to temporarily limit communication features in Russia and to revise our content moderation processes to address the legal requirements necessary to restore our community’s access to the platform,” a Roblox spokesperson told Reuters.

Russian media has reported that children in the country have sent thousands of letters in protest of the ban. Last week, JPMorgan downgraded Roblox. The firm said Russia’s ban could affect up to 10 million daily active users for the company.

Roblox gaming platform says it is ready to make changes to get Russian ban lifted

Roblox gaming platform says it is ready to make changes to get Russian ban lifted

Shares were up 0.7% in recent trading.

The company is “ready to temporarily limit communication features in Russia and to revise our content moderation processes to address the legal requirements necessary to restore our community’s access to the platform,” a Roblox spokesperson told Reuters.

Russian media has reported that children in the country have sent thousands of letters in protest of the ban. Last week, JPMorgan downgraded Roblox. The firm said Russia’s ban could affect up to 10 million daily active users for the company.

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Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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