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Video game platform Roblox ($RBLX) achieved a major milestone by earning its first investment-grade credit rating from S&P ...
Indeed, Roblox has built a compelling and fast-growing ecosystem. The number of users is likely to continue growing, which should lead to significant revenue growth for the foreseeable future.
For the fourth quarter, bookings jumped 17%, while engagement rose by a similar amount, around 18%. Indeed, Roblox still seems to be in growth mode, even as it looks to encounter another recession.
Indeed, Roblox’s platform is one that has seen a massive surge of interest during the pandemic. According to the company’s IPO prospectus, more than 37 million users frequent Roblox right now.
Despite the latest surge of negative momentum, Roblox remains one of the most enticing long-term metaverse plays. Indeed, the metaverse hype has faded in a major way over the past year.
Indeed, Roblox is a confusing story, but its long-term vision is realistic for those looking to bet on today's version of the metaverse.Block (SQ)Block, formerly Square, is another Cathie Wood ...
And, indeed, Roblox's reported revenue changed in February. The company reported $613.9 million in revenue and a net loss of $194.5 million for the first three quarters of 2020.