In the year ended December 31, 2020, users spent 30.6 billion hours engaged on the platform, an average of 2.6 hours per daily active user each day. More than 1.25 million creators have made money in Roblox.

For the year 2020, on average, 32.6 million people came to Roblox every day. Roblox’s games have become so popular that people have played the best ones billions of times. Roblox gets a 30% cut from the bookings generated by sales of Robux, the virtual currency used by players to play user-generated games, the company’s bookings for 2020 were $1.9 billion, double what they were the year before. “We had a strong quarter in terms of bookings, revenue, and operating cash flow, and more important, in terms of daily active user growth and time spent by players,” Donato said. But operating cash flow as positive, and so that means cash is coming into the business, said chief business officer Craig Donata in an interview with GamesBeat.

The GAAP net loss for the quarter was $134.2 million, or 46 cents a share.

Roblox’s quarterly revenue came in at $387 million, up 140% from a year earlier. That revenue has to be recognized over time, as it is spent inside the platform’s games. For instance, a player may buy Robux currency in the first quarter, but spend it over 10 months. Most video game companies emphasize non-GAAP bookings, or the total value of virtual currency purchases by players during the quarter, instead of revenues, which under accounting rules are limited to those purchases that are expected to be fully resolved within a certain time period. Q1 resultsĪnalysts expected a loss of 21 cents a share on bookings of $568.6 million. Investors greeted the results positively, with Roblox trading up 5% at $67.18 a share in after-hours trading. It opened on March 10 at a valuation of $41.9 billion a share and has hovered around that value. Roblox previously raised $520 million at a $29.5 billion valuation in a financing round ahead of its direct listing on the New York Stock Exchange as a public company.

What is the virtual currency in roblox