

It has also launched a virtual reality edition for the Oculus Rift and HTC Vive.Įven though Roblox has been available for over a decade, it has only started entering the mainstream in the last few years. Roblox has expanded onto all mobile platforms and has launched more restrictive versions of its game on Xbox One. That developer payout has increased every year since launch, with Roblox paying $250 million to developers in 2020. In 2013, Roblox made a critical change to its developer program by allowing creators to exchange its virtual currency, Robux, for real-world currencies. ✓ Fully transparent ✓ Global reach ✓ Top exchanges integration ✓ Smart retargeting & deep segmentation ✓ Your first party data maximized ✓ Fully managed / self-served Get started Pachter also examines Take-Two Interactive's (TTWO) earnings miss ahead of forecasts for Grand Theft Auto VI's release, Microsoft's (MSFT) deal with Activision-Blizzard (ATVI), and the metaverse's future in gaming.Zoomd’s DSP: Masterful UA meets smart retargeting "They told us to expect single-digit profit margins," later adding: "The Street read that as 9% and it came in at 4.9%, so they really surprised people with how bad their profits were." Pachter cites Amazon CEO Andy Jassy's pivot to profitability after a series of stock losses as inspiration Roblox should aspire to.

"They're just not as profitable as I think a $20 billion valuation implies they should be," Michael Pachter, Wedbush Managing Director of Equity Research, tells Yahoo Finance Live. Roblox did see an increase in daily active users and monthly player counts. Missing on earnings estimates with losses of $0.46 per share, the video game company topped revenue expectations by drawing in $780.7 million. Roblox (RBLX) shares are diving after reporting wider-than-expected losses in its second-quarter earnings. Yahoo Finance Video Roblox needs to learn from 'the Andy Jassy playbook' after Q2 earnings: Analyst
