9/20/2023 0 Comments Roblox stock marketThe robust demand fueled a 102% increase in Roblox's revenue to $509 million.ĬEO David Baszucki trumpeted a 28% increase in playtime in Roblox's earnings release. The average number of daily active users also soared 31% to north of 47 million. The online-gaming platform, which lets users design and interact in virtual worlds, reported strong third-quarter earnings on Monday.īookings, which reflect the total amount of virtual currency bought by users in a period, jumped 28% year-on-year to $638 million last quarter. Users can purchase Robux, as one-time purchases or through monthly subscriptions through mobile payments, credit cards, or prepaid cards.Roblox shares jumped as much as 35% on Tuesday, lifting the company's market capitalization to a record $60 billion. Any user can be a developer or creator on the Company’s platform using Roblox’s studio of software tools. Users are then free to immerse themselves in experiences on Roblox and can acquire experience-specific enhancements or avatar items in the Company’s avatar marketplace using the virtual currency (Robux). Upon signing up for Roblox, a user personalizes their Roblox identity, or avatar. Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media and even toys. The Company operates the Roblox Platform as live services that allow users to play and socialize with others for free. The Company operates a human co-experience platform or Roblox Platform, where users interact with each other to explore and develop, user-generated and 3D experiences. Roblox Corporation is a technology company. Other points of data to note are a P/E ratio of -, revenue per share of 3.91 and a -13.03% return on assets. The company is not paying dividends at this time. You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.
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