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Roblox Corporation (NASDAQ: RBLX) is a pioneering force in the gaming industry, driving the future of user-generated content and game development. As the world's largest platform for emerging and independent game developers, Roblox empowers users to create, develop, and monetize their own games, or 'experiences.' This innovative approach combines elements of a game engine, publishing platform, online hosting, marketplace, and social network, creating a comprehensive ecosystem for developers and gamers alike.
With over 4.4 million active users spending more than 70 million hours on the platform each month, Roblox has solidified its place as a leader in the user-generated gaming space. The platform runs on a single code base across desktop, iOS, and Android, and boasts an infrastructure capable of supporting nearly 200,000 simultaneous users.
Roblox's business model is unique in that it generates revenue at multiple points within its controlled ecosystem, benefiting from outsourced game development while focusing on creating new tools and monetization techniques for its developers. This strategy not only fosters innovation but also provides developers with unprecedented opportunities to earn money from their creations.
Recent achievements include strategic partnerships and advancements in the Metaverse and NFT space. For instance, Roblox's participation in a new Metaverse project in collaboration with Hangzhou Yuanyuzhou Technology Co., Ltd aims to establish a leading NFT ecosystem in Asia.
As part of its mission to become the global leader in user-generated gaming and creation for all ages, Roblox continues to enhance its platform with new features and capabilities, ensuring it remains at the forefront of the gaming industry. The company’s commitment to innovation and community-driven content makes it an essential player in the evolving landscape of digital entertainment.
For the latest updates and news on Roblox Corporation, visit StockTitan and stay informed about this dynamic and influential company in the gaming world.
Parsons School of Design and Roblox Corporation have announced a partnership aimed at educating students on digital fashion design. The collaboration includes a course for students to create hyper-realistic 3D digital apparel and the release of the 2022 Metaverse Fashion Trends report, which analyzes Gen Z's digital fashion preferences. The course, launching in Spring 2023, will cover the intersection of digital and physical fashion, encouraging students to prototype innovative designs for immersive environments.
Roblox Corporation (NYSE: RBLX) will report its third quarter 2022 financial results and key metrics for October 2022 before U.S. markets open on November 9, 2022. The company will also host a conference call at 5:30 AM PT / 8:30 AM ET on the same day to discuss these results. Interested parties can access the live webcast on the Roblox Investor Relations website. An online replay and transcript will be available post-call for at least 12 months.
Roblox Corporation (NYSE:RBLX) released its key metrics for September 2022.
- 57.8 million daily active users (DAUs), up 23% year-over-year.
- 4.0 billion hours engaged, up 16% year-over-year.
- Estimated bookings between $212 million and $219 million, up 11% - 15% year-over-year.
- Estimated average bookings per DAU between $3.67 and $3.79, down 7% - 10% year-over-year.
- Estimated revenue between $171 million and $180 million, a year-over-year change of -2% - +3%.
Roundhill Investments announces significant updates to its NERD ETF, which is now named the Roundhill Video Games ETF. Effective September 26, 2022, the ETF adopts the Nasdaq CTA Global Video Games Software Index™ (PLAYR2™), enhancing its focus on pure-play gaming software. Research predicts global gaming revenues to reach $219 billion by 2024, with mobile gaming leading at $103.5 billion. The ETF’s top holdings include Nintendo (18.3%), Electronic Arts (10.6%), and Roblox (6.6%). This transition aims to capitalize on the fast-growing gaming sector, while excluding companies from China and Russia to mitigate geopolitical risks.
Roblox Corporation (NYSE: RBLX) reported key performance metrics for August 2022, showcasing strong growth. Daily active users reached 59.9 million, an increase of 24% year-over-year. Engagement saw 4.7 billion hours, up 18%. Estimated bookings ranged from $233 million to $237 million, reflecting a 5% - 7% increase. Revenue estimates were between $208 million and $211 million, marking a 22% - 24% rise. However, average bookings per user fell by 14% - 16% year-over-year due to currency fluctuations.
Roblox Corporation (NYSE: RBLX) will host an Investor Day on September 15, 2022, at 9:00 a.m. Pacific Time, for institutional investors and financial analysts. CEO David Baszucki and the leadership team will present the company's long-term vision and updates on key product innovations. CFO Michael Guthrie will provide a financial overview, including August metrics, followed by a live Q&A session. The event will be webcast live on Roblox's YouTube channel and available for replay on the investor relations website.
Roblox Corporation reported a 30% year-over-year increase in revenue, reaching $591.2 million in Q2 2022. The platform saw significant growth in Daily Active Users (DAUs) and Hours Engaged, rising by 21% and 16%, respectively. However, Bookings decreased by 4% to $639.9 million. July estimates indicate continued growth, with revenue projected between $205 million and $208 million—a 25%-27% increase year-over-year. Despite these positive metrics, Average Bookings per DAU (ABPDAU) fell by 21% year-over-year to $12.25.
Roblox Corporation (NYSE: RBLX) will announce its second quarter 2022 financial results and July 2022 metrics after market close on August 9, 2022. A conference call is scheduled for August 10, 2022, at 5:30 AM PT / 8:30 AM ET to discuss the results. The call will be available via webcast on the Roblox investor relations website, with a replay and transcript accessible for at least 12 months. Roblox focuses on creating immersive digital experiences and aims to connect billions through creativity and community.
Roblox Corporation (NYSE: RBLX) has announced key metrics for
PureTech Health, in partnership with Roblox, aims to enhance patient experiences through innovative digital solutions. The collaboration introduces a Roblox rewards exchange linked to Akili’s EndeavorRx, the first FDA-cleared prescription video game for children with ADHD. This partnership seeks to integrate cognitive treatments into daily life, leveraging Roblox's vast user base of over 55 million players. Both companies focus on redefining patient engagement and improving cognitive health through interactive experiences.
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