Friday, November 8, 2024

Roblox raises annual bookings forecast as in-game spending booms

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Videogame platform Roblox raised its forecast for full-year 2024 bookings on Thursday, as it continues to benefit from robust spending within its virtual worlds. Roblox's free-to-play model has been attracting significant consumer spending on its platform despite a wider slowdown in gaming activity. Roblox's outgoing finance chief, Michael Guthrie, attributes the growth in DAUs and rise in the number of older users to improvements in the company's search and discovery algorithms and frequent content updates from top developers and their games.

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