![]() Roblox had around 66.1 million daily active users (DAUs) in Q1, a 22.2% year-over-year increase. Impressive user metricsĭespite how you feel about Roblox’s financials, it’s hard to argue against a lot of its key user metrics. Profitability is on the way it’s just not a priority for Roblox right now. At this stage, cash flow gives better insight into how sustainable the company’s operations are, and the figure came in better than expected. In Q1, Roblox spent over $275 million on research and development, around $98 million more than it spent in the year-ago quarter.Ī more important (and impressive) figure right now is Roblox’s nearly $174 million in cash flow from its operations. Although the company has yet to hit profitability, that’s to be expected at this stage of growth. In the first quarter of 2023, Roblox brought in $655 million in revenue, up 22% year over year. Given Roblox’s stock price gains this year, investors are rightfully wondering if it’s too late to hop aboard. ![]() It’s since dropped over 70%, but it’s up 45% in 2023 - solidifying a roller-coaster two years for investors. Roblox went public in March 2021 at $62.50 per share, and by November 2021 its stock price was over $130. The large community aspect of Roblox has made it a huge hit among children and adult video game enthusiasts. Along with having countless games and experiences to enjoy on the platform, users can also create their own games and experiences that others can play and enjoy. Roblox (NYSE: RBLX) is an online gaming platform that lets users play games in various virtual 3D worlds. ![]()
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