We’ve got our hands on the Roblox first quarter report for 2023, and it’s been a solid start to the year for the popular gaming platform. Daily active users, hours engaged, and revenue are all up on this point last year, with Roblox’s CEO David Baszucki celebrating the success in the report.
“Since inception, we have focused on building a technology platform that enables a large and growing community of creators to build amazing experiences. The momentum in our business demonstrates the success of our creator community as they bring their visions to life on Roblox, attracting an ever-growing global user base that spans all ages.”
Revenue is up $118 million on this time last year, reaching the giddy heights of $655 million. The real increase is in terms of daily active users and engagement hours, though, with both factors up 22% and 23%, respectively. Still, it’s not all great news for Roblox. Due to a mixture of in-house expansion and industry trends, losses are up to $268.3 million from 2022’s $160 million. For the full details, check out the official Roblox report.
Despite the positives, it’s been a tricky couple of months for Roblox share prices. At the time of writing, the Roblox share price is sitting at around $37, down just under a quarter from this time last month. With the mixed news from the first quarter report, there’s no clear idea how the market might react to the losses, though early indications don’t seem to suggest a massive drop-off or uptick.
There you have it, the key takeaways from the Roblox first quarter report 2023. If you enjoy being a block yourself, grab some freebies with our Roblox promo codes and Roblox game codes.