Roblox records millionaire losses in the last quarter despite the number of users continuing to increase

The popular title closes April-June with a loss of 176.4 million.

Last October, Roblox developers celebrated surpassing 3,000 million registered accounts. That figure hasn’t stopped growing since then, but the developer studio’s latest financial report says, Roblox Companyreveals that the increase in players does not have to go hand in hand with profit since the title is proprietary. Millionaires lose.

Roblox posted a net loss of $176.4 millionAccording to data provided by GamesIndustry, Roblox closed the April-June quarter with revenues. $591.2 million (30% more than last year). However, the game also reports a net loss. 176.4 millionIt represents a 26% decrease compared to the figures recorded in 2021.

In addition, there is a 4% decrease in reserves, which is $639.9 million. While all these figures are disappointing for Roblox Corporation, twenty one% Average number of daily active users already reached 52.2 million players. Also, the first metrics for July show an improvement in the game’s performance as there is a 26% increase in both revenue and daily active users.

It is worth noting that in 2022, Roblox has established itself as one of the most profitable mobile games ever, as this experience brings in $3 million every day in the US and on iPhone alone. In addition, Roblox Corporation is responsible for further promotion of the brand. Collaborations including Xboxwith whom it presented a themed basketball court.

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