Many investors are understandably turned off by Roblox's net losses. There are real reasons to expect losses will shrink 'The momentum in our business demonstrates the success of our creator community,' CEO David Baszucki said in a press release. Hours of engagement for the first quarter of 2023 rose at roughly the same year-over-year rate, reaching 14.5 billion.Īnd bookings, which mainly come from the sale of virtual currency, were up 25% year over year (after accounting for foreign currency exchange rate swings). Robox in mid-May reported a 22% increase in daily users year over year as that group crossed 66 million. There's strong evidence of this cycle at work today. Increased engagement is important for most entertainment platforms, but especially in this case where the company needs to attract both users and content creators so that it can create a virtuous cycle between the two groups. It generates most of its revenue from the in-game currency these users exchange. Roblox is first and foremost an online game platform and game creation system that allows users to program games and play games created by other users.

Engagement is a key metric for Roblox right nowĪt this stage in Roblox's growth story, engagement is a major priority. PLEASE NOTE: A network connection is required to join. Hang out with friends around the world using chat features, private messages, and groups!

With an ever-expanding catalog of items, there’s no limit to the looks you can create. Roblox features full cross-platform support, meaning you can join your friends and millions of other people on their computers, mobile devices, Xbox One, or VR headsets.īe creative and show off your unique style! Customize your avatar with tons of hats, shirts, faces, gear, and more. In the mood for an epic adventure? Want to compete against rivals worldwide? Or do you just want to hang out and chat with your friends online? A growing library of experiences created by the community means there’s always something new and exciting for you every day. Join millions of people and discover an infinite variety of immersive experiences created by a global community!Īlready have an account? Log in with your existing Roblox account and explore the infinite metaverse of Roblox. Roblox is the ultimate virtual universe that lets you create, share experiences with friends, and be anything you can imagine.

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