Investing.com -- Roblox Corp (NYSE: RBLX) shares jumped 10% after third-party data showed platform concurrent users grew week-over-week this past weekend, marking a positive shift following a 30-week broad decline in concurrent users.

The user growth improvement comes as a notable development for the gaming platform, which has faced declining concurrent user trends in recent months. According to third-party data, the weekend uptick represents a potential reversal in a metric closely watched by investors.

Needham analysts commented that the strength was driven by improved user growth from the top games as well as four games which have been more recently gaining scale, including three created this year. While one data point does not make a trend, the analysts think this is potentially an important step for the stock given the negative investor sentiment on the stock driven by the declining concurrent user trend and recent estimate reset.

The weekend data point has drawn attention from market participants as Roblox has struggled with user engagement metrics in recent months. The platform's concurrent user count serves as a key indicator of the company's ability to retain and attract users to its user-generated gaming ecosystem.

The 10% gain in shares reflects market response to the preliminary user data, though analysts caution that a single weekend of growth does not establish a sustained trend. The stock has faced pressure from investors concerned about the platform's ability to maintain user growth momentum.