Roblox sees revenue grow even with the decline of the metaverse

The Roblox platform announced last Wednesday (9) that it saw its revenue grow 15% in the second quarter of 2023, reaching US$680,8 million. This occurs despite the downturn in the metaverse, which has seen many other players in the sector suffer financial losses.

Roblox's growth has been driven by its strong ecosystem of creators and players. The platform has more than 800 active creators and more than 50 million monthly players. Roblox creators make money by selling virtual items, like clothes and accessories, on their platform. Consolidated brands on the market display their pieces in the environment.

ADVERTISING

“We are proud of Roblox’s strong performance in the second quarter,” said David Baszucki, founder and CEO of Roblox. “Our ecosystem of creators and players continues to grow and we are confident that we can continue to grow in the years to come.”

Roblox's growth is a curious sign for the future of the metaverse, which has fallen from hype in recent months. The platform, considered one of the pioneers in the proposal, has partnerships with brands such as Adidas, Vans, Gucci, Hyundai, among others.

Other data revealed by balance presented by the company are:

  • The Average Daily Active Users (“DAUs”) was 65,5 million, an increase of 25% compared to the previous year.
  • The monthly average of single payers was 13,5 million, an increase of 19% compared to the previous year.
  • Engaged hours were 14,0 billion, a 24% increase year over year.

See also:

* The text of this article was partially generated by artificial intelligence tools, state-of-the-art language models that assist in the preparation, review, translation and summarization of texts. Text entries were created by the Curto News and responses from AI tools were used to improve the final content.
It is important to highlight that AI tools are just tools, and the final responsibility for the published content lies with the Curto News. By using these tools responsibly and ethically, our objective is to expand communication possibilities and democratize access to quality information.
🤖

ADVERTISING

Scroll up