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What the numbers say: Roblox Corporation, a major player in the metaverse space launched in 2006, generated over $1.4B in revenue in the U.S. and Canada in 2022. Europe is its second-largest profit center, earning over $404M in annual revenue. Most of Roblox's revenue comes from the sales of virtual currency called "Robux." Relevance: The data highlights Roblox's significant presence and financial success in the metaverse space. With a 2022 revenue of over $1.4B in the U.S. and Canada, Roblox demonstrates its substantial impact on the gaming and virtual world market. Players can use the "Robux" currency to purchase virtual items sold by the Roblox developer and creator community on the platform. Where to see the influence: In Q1 of 2023, Roblox brought in $655M in revenue, up 22% year over year, and allocated over $275M to research and development, representing an increase of approximately $98M compared to the previous year. Roblox now boasts 66.1 million daily active users (DAUs) worldwide, compared to just 19.1 million in 2019. |
