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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.
The discontinuation of monthly metrics is probably a positive for Roblox as it will put the focus on long-term growth and…..
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.
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…..
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…..