We have learned the latest financial results from Roblox, a platform that attracts millions of players around the world. The company’s latest report is a source of very interesting and often surprising information.
Roblox faces an interesting and, from a developer perspective, quite a difficult situation. the financial report by 2022 turned out to be the source of startling figures and conclusions.
The numbers speak for themselves
The Roblox Corporation financial report for 2022 indicates that revenue generated at the time totaled $2.2 billion (16% better result than in 2021). However, this did not save the company from losses. – last year ended with a monstrous loss of $934 million, almost double that of 2021 (-$504 million). However, it is worth noting the 5% increase in the value of contracts with developers operating within Roblox: in 2022, they amounted to $2.9 billion.
What is behind these results?
Interestingly, the results do not go hand in hand with the popularity of the game, because it lacks nothing in this sense -in the In the fourth quarter of 2022, the title attracted more than 58 million players, an increase of 19% compared to the end of 2021. So where to look for the reasons for the company’s current situation? Roblox Corporation advances several arguments: it points for example increase in investments and expansion of operations.
It’s also worth remembering that Roblox Corporation gets its money largely from contracts signed with the creators of the game’s content. The company gives them the tools to create their own in-game creations and allows them to profit from their sales, while by charging a fee. The company explains that the extension of the delivery time for payments in 2022 is one of the main reasons why it recorded such a large loss.
Uncertain future
Roblox Corporation hopes that due to delays in fulfilling developer contracts it will continue to report a net loss in its reports. At the same time, in 2023 the company intends to rely more heavily on internal advertisingwhich should close the budget holes, at least to some extent.
- Roblox – official site