![]() ![]() Roblox added that it expects to continue to report losses for the "foreseeable future."Ä«aszucki shared a post on X, the platform formerly known as Twitter, earlier this month claiming that the company has seen "well over" one million downloads via Meta 's virtual reality headsets, just five days after launching in a beta capacity. ![]() ![]() It said net losses increased over the year-ago quarter due to "higher levels of expense required to support the growth of the business," such as corporate overhead, developer exchange fees, infrastructure and personnel costs, according to the letter. Roblox reported a net loss of $176.4 million for the same period in 2022. The company reported a net loss of $282.8 million for the quarter, which ended June 30. "Around the world, 17 through 24, and our 25-and-up cohorts, consistently show higher bookings-per-hour than other age cohorts," Roblox CEO David Baszucki said during the company's quarterly call with investors Wednesday. In a letter to shareholders Wednesday, the company said it saw growth in daily active users across all age groups and geographies. In June, Roblox announced eligible creators can build experiences featuring mature content like some forms of violence, romantic themes and moderately crude humor for users ages 17 and older. The company's platform has historically been popular with younger children, but Roblox has been working to expand usage across all age groups. Users spent more than 14 billion hours engaged in Roblox during the second quarter, up 24% year over year. Roblox reported 65.5 million average daily active users, up 25% from a year earlier. The company generates revenue from sales of its virtual currency called Robux, which players use to dress up their avatars and buy other premium in-game features. Roblox reported $639.9 million in bookings in the year-ago quarter. The revenue figure is what Roblox calls bookings, a category that includes sales recognized during the quarter and deferred revenue. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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