Relevance: Roblox has also experienced a significant increase in revenue in Q1 2023, reaching $655M, representing a $118M growth compared to the same period last year. The company has also witnessed a substantial rise in daily active users, with a 22% increase, and engagement hours, which have surged by 23%. However, despite these positive trends, Roblox has faced challenges due to internal expansion and industry dynamics, resulting in losses of $268.3M, an increase from $160M in 2022. For the full details, check out the official Roblox report. |
