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Now, however, there are signs that Roblox has been through the worst and is well-positioned for better times in the future. Gamer plays game on desktop. Image source: Getty Images.
Explore the exciting world of Roblox (NYSE: RBLX) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and ...
Roblox's result in the third quarter of 2024 further justifies the turnaround story. Revenue surged 29% year over year on the back of a 34% increase in bookings.
A month later, Roblox laid off 30 employees in its talent acquisition, citing a slowdown in hiring. [28] In 2024, Roblox partnered with Google to launch "Be Internet Awesome World," a game designed to teach children about online safety in an interactive way. This initiative extends Google's existing Be Internet Awesome program to the Roblox ...
[68] [69] [70] An entry in the Pet Simulator series, Pet Simulator X sparked controversy among the Roblox community when the developers, Big Games, integrated non-fungible tokens into the game, the first ever instance of such on the platform. [‡ 9] [71] The game has been played over 5 billion times as of January 2023. [72]
In January 2017, Balfanz, along with asimo3089, uploaded Jailbreak, a cops-and-robbers game, to Roblox. On its first day of release, it reached 70,000 concurrent players, a number which Balfanz later said had shocked him. [1] It quickly became one of the most popular games on the platform, and made Balfanz a millionaire. [4] [3]
The question for Roblox is whether that increase can continue through 2025. The stock is up nearly 90% from its May low as sequential revenue growth is again on the rise.
Roblox occasionally hosts real-life and virtual events. They have in the past hosted events such as BloxCon, which was a convention for ordinary players on the platform. [46] Roblox operates annual Easter egg hunts [52] and also hosts an annual event called the "Bloxy Awards", an awards ceremony that also functions as a fundraiser. The 2020 ...