Join millions of people and discover an infinite variety of immersive experiences created by a global community!Īlready have an account? Log in with your existing Roblox account and explore the infinite metaverse of Roblox. Hopefully so will Roblox’s cash production-the company burned cash in 2022 after minting it in 2021.Roblox is the ultimate virtual universe that lets you create, share experiences with friends, and be anything you can imagine. Bookings growth fell off a cliff in mid-2021, a couple of quarters before revenue, so the pickup in bookings growth in the past two quarters suggests revenue growth should rebound from the 2% levels of the second half of 2022. Roblox’s bookings-the money people spend buying virtual currency on the platform-are a future indicator of revenue, as the company recognizes the spending over time. (It’s a mixed picture for others whose businesses initially benefitted from Covid, such as Shopify and Roku, as we discuss below.) It’s no wonder Roblox stock surged 26% today. Moreover, January numbers released by Roblox looked even healthier. Roblox’s bookings rose 17% in the fourth quarter from a year earlier, after declining in the first half of 2022. Roblox’s fourth-quarter report today showed that at least one of the Covid-19 boomers whose business flatlined once people resumed normal life is growing solidly again. The pandemic hangover may be ending, at least for some.
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