Latest / Power Players with Brian Sozzi
Roblox CEO reveals plan to boost profits via simulations
Charting a path toward domination of the digital universe. Roblox is fresh off a better-than-expected first quarter as it gained traction in new gaming genres such as racing and sports amongst children over the age of 13. Sales, daily active users, and bookings all increased by double-digit percentages. Sales clocked in at $1.03 billion, up 29% from the prior year. Bookings—a measure of in-game currency sales—gained 31% to $1.2 billion. Average daily users improved 26% to 97.8 million. Total hours of engagement on the platform increased 30% to 21.7 billion. Roblox (RBLX) had a really strong…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.