Roblox has reported its quarterly performance for the second quarter of 2024, with total revenue of $893.5 million, marking a 31% increase compared to the same quarter last year. Bookings, which represent in-game purchases yet to be recognized as revenue, saw a 22% growth to $955.2 million, a 19% increase, while net loss stood at $205.9 million.
The daily active users (DAUs) reached 79.5 million accounts, up by 21%, with a total playtime of 1.74 trillion hours, a 24% increase.
David Baszucki, the founder and CEO of Roblox, credited the company’s overall metrics growth in the past quarter to high-quality content within the game. The platform has incentivized creators to produce engaging content, which has been well-received by players of all ages and regions worldwide.
Source: Roblox
TLDR: Roblox’s Q2 2024 results show significant revenue and user growth, attributed to quality in-game content and creator incentives.
Leave a Comment