Roblox Q4 Beats Expectations

Roblox Q4 Beats Expectations

For the fourth quarter ending 12/31/22, Roblox Corporation (NYSE: RBLX) reported revenue of $579 million, up 2% over the previous year’s quarter.  For the full fiscal year, revenue in 2022 was  $2.2 billion, up 16% over 2021.  Roblox reported a loss of $924 million for the year. Bookings for the fourth quarter were $899 million, up 17% over the previous year.  For the full year, bookings were up 5% at $2.9 billion. Analysis Roblox beat estimates and its stock .....
Roblox Reports December 2022 Metrics

Roblox Reports December 2022 Metrics

Ahead of quarterly earnings, Roblox Corporation (NYSE: RBLX) reported that for December 2022 daily active users reached 61.5 million, an 18% year-over-year increase.  However, the estimated revenue is expected to be flat to slightly down.  Roblox also announced that starting in April 2023 the company will no longer publish monthly metrics. Analysis The discontinuation of monthly metrics is probably a positive for Roblox as it will put the focus on long-term growth and discou.....
Roblox Revenue Increases

Roblox Revenue Increases

For the first nine months ending 9/30/22, Roblox Corporation (NYSE: RBLX) revenue increased 22% to $1.65 billion.  However, net loss was up to $634 million from a loss of $348 million for the first nine months of 2021. Analysis Roblox was one of the biggest gaming IPOs ever in March 2021 with an initial market value of over $38 billion.  Obviously, performance standards for the company are high to justify the valuation.....
Cloud Gaming Forecasted to Reach $13.6 Billion by 2026

Cloud Gaming Forecasted to Reach $13.6 Billion by 2026

The concept of consumers being able to stream games and interactive content directly from the cloud to any device has been around for years. In recent years this has started to become a reality with numerous streaming subscription services for games. A new report from DFC Intelligence forecasts that cloud gaming and interactive streaming will increase an order of magnitude over the next five years. However, much of that growth will occur for products and services that are not part of a.....
Western Game Companies Lead Record Growth In PC Games

Western Game Companies Lead Record Growth In PC Games

After several years of flat to stagnant growth the PC game market grew 19% in 2020 to reach $36 billion. While much of this growth was because of increased usage due to stay-at-home orders, there are encouraging long-term signs for PC games. The most notable trend in PC games is that Western publishers are now among the biggest players in terms of revenue. For many years, China and Asia in general have been the dominant players in the PC game space. Market growth slowed as much of the .....
Will Roblox Be Biggest Video Game IPO Ever?

Will Roblox Be Biggest Video Game IPO Ever?

Roblox is a video game company that has flown under the radar for many years. This is likely to change this month as the company prepares to go public. Roblox has the potential to become one of the biggest video game IPOs ever. The potential IPO was first announced last fall. The listing has been delayed several times but is currently set for March 10. Roblox will trade on the New York Stock Exchange under the symbol RBLX. The Roblox IPO has flown somewhat under the radar in par.....

Minecraft Popularity Continues to Soar

Throughout 2019, DFC Intelligence has noted how Minecraft was making a major comeback among the school-age audience.  This was after a slow period of general decline with the Microsoft purchase and rise of Fortnite.  Over the summer, Minecraft saw a continued increase in usage.  The Minecraft ecosystem is poised to be a major driver of future video game industry trends. In May, we wrote about how M.....