Roblox releases balance sheet with increase in users and growth in market value

Roblox is one of the most popular metaverse platforms today. Based on half-square avatars, and with environments to be explored, the metaverse is popular among younger audiences. This week the company released figures on its performance: there was an increase in users and the company's revenue grew.

With the aim of not only playing, but also socializing and participating in events within the platform, users enter Roblox in search of an experience. Perhaps this explains the increase in the number of users of this virtual environment.

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In Q2022 19, Roblox saw a 2021% increase in its average daily active users. In the previous year, 56, the platform had 58,8 million active users. Now there are XNUMX million.

Users access Roblox worlds for longer

According to report, the total time users dedicated to Roblox also grew. In the fourth quarter, the total number of hours engaged rose 18%. In 2022, players spent 49,3 billion hours within Roblox environments.  

When it comes to market value, the platform has also been boosted. In 2022 revenue increased by 16%. It went from US$579 million to US$2,2 billion. This is due to Roblox's partnerships with major brands from different segments.

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