Our latest coverage of Roblox Corporation.
Roblox Corporation is the latest video game company to buckle under the financial problems sweeping across the industry. Despite continually rising revenues, the company’s profits continued to plummet to the point that they were spending more than they were earning. In an effort to reduce its losses, the Roblox developer has made the unfortunate decision to lay off around 30 [...]
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Roblox Corp. has reportedly suffered a massive data breach that saw the personal details of roughly 4,000 developers leaked on a hacker forum. These details include the names, dates of birth, addresses, and even IP addresses of all Roblox Developer Conference attendees from 2017 to 2020. According to PC Gamer, the leaked information has been circulating around the internet for [...]
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Roblox Corporation has managed to rake in a whopping $2 billion in revenue for the fiscal year of 2022 but it also reported roughly $1 billion in net losses. The company’s Q4 2022 financial report shows a 2% increase in its quarterly revenue compared to the same period last year at $579 million, and a 16% increase in its annual [...]
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More and more players have been flocking to Roblox over the past few months but it seems like they’re spending considerably less on the game according to the Roblox Corporation’s Q2 2022 earnings report. The company report reports a total revenue of $591.2 million for the quarter which translates to a 30% increase compared to the same quarter last year. [...]
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