In a boost for the 'metaverse,' Roblox stock pops 25% after strong Q4 earnings

According to the Q4 report, Roblox is where kids are still spending their money, with 58.8 million average daily active users (DAUs), up 19% YoY. The average DAUs climbed to 65 million in January, a 19% increase and bookings including in-game purchases made with Robux increased 19% from December and January. 🎮💰

The company saw incredible growth during the COVID-19 pandemic, and it is exciting to see how it is evolving into a vital part of the ‘metaverse’ for users. 🌐

With half of its user base being 13 or older, Roblox has successfully retained many of the users that many had expected would age out of the experience. 🤝

We are witnessing a new era in the tech industry with emerging concepts like the metaverse. It is exciting to see companies like Roblox leading the way and setting a benchmark for others to follow. 🚀

Are you a Roblox user? What do you think about the metaverse and its potential impact on the future of technology? 🤔💭

Read the article: https://tcrn.ch/40YtqSJ

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