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Roblox Reports Record Bookings and Growth in 2023, Despite Widening Losses

The gaming platform's bookings surpassed $1 billion in Q4, driven by user growth and in-game spending, but net losses deepened to over $1 billion for the year.

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Nicki Minaj opens her own shop in Roblox
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Overview

  • Roblox achieved over $1 billion in bookings for Q4 2023, marking a 25% year-over-year increase.
  • Daily active users reached 71.5 million in Q4, a 22% increase from the previous year, with growth attributed to older users and international markets.
  • Full-year revenue for 2023 was $2.8 billion, a 26% increase, while net losses widened to $1.15 billion.
  • Roblox's CEO remains optimistic about reaching 1 billion daily active users, driven by investments in immersive experiences, advertising, and AI.
  • The company forecasts strong bookings for 2024, with estimates between $4.14 billion and $4.28 billion.