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Source: Roblox. All things being equal, more users mean greater engagement and -- critically -- more revenue. Sure enough, Roblox's top line has expanded thanks to that widening user base.
Still, with the increase in the stock price, it has become more expensive on a relative basis, with a price-to-sales ratio (P/S) of 11. That does not compare to the 2021 bull market when the sales ...
A fresh, and quite bullish, analyst note on Roblox (NYSE: RBLX) was a major catalyst lifting the online video game company's stock over the past few days. With that gust of wind at its back Roblox ...
On June 20, 2023, Roblox started allowing games rated as only for players 17 years and over, which are permitted to have more graphic violence, romantic themes, and alcohol usage. [75] On July 27, 2023, Roblox was released as a public beta for the Quest 2 and Meta Quest Pro. [3] The beta was downloaded over one million times within five days. [76]
Fortunately, things started to improve for Roblox in 2023. Bookings grew by 23% to $3.5 billion, revenue jumped 26% to $2.8 billion, and operating cash flow rose by 24% to $458 million.
The game is considered a classic among the Roblox userbase, due to it being one of the oldest still-popular games on the platform—first released on November 3, 2007 [119] —with the creator attributing its success to the game's ability to encourage socializing. [66] The game has received praise for its driving mechanics. [68]
Fortunately, when the skeptics were celebrating with their right call, Roblox made a remarkable turnaround in its performance. Revenue growth returned to double digits in 2023, which continued in ...