BennyBlanco
aka IMurRIVAL69
Roblox revenues increase to $801m in Q1
Roblox has released its first quarter financial results for 2024, demonstrating a significant boost in the company's re…
www.gamesindustry.biz
Roblox highlighted an increase in the number of its daily active users (DAU), up 17% year-on-year to 77.7 million. The firm noted that its growth in DAU was particularly strong in the Asia Pacific region.
As for hours engaged, it reported an increase of 15% year-on-year to 16.7 billion, which also saw strong growth in the same region.
While it did note an "unseasonable decline" in engagement during the beginning of the first quarter, the company experimented with changes to its algorithm and reintroduced events to help drive growth and improve the quality of Roblox.
"Our teams have been hard at work identifying opportunities to drive DAUs, hours, and bookings growth rates back to 20% year-on-year," said Roblox founder and CEO David Baszucki.
Absolutely absurd numbers
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