3 Encouraging Trends for Roblox Investors
Roblox (NYSE: RBLX) has an incredibly unprofitable business, with losses totaling more than $924 million last year. Investors could be waiting a long time before this gaming company gets to break even -- assuming it ever can. But there are three encouraging trends that suggest the business could continue to grow and improve its financials.
Roblox's online gaming platform depends heavily on its having an active user base. Getting more people to use and play Roblox will, in turn, lead to more spending on the platform as well. And there's positive news on that front: Hours engaged were up 23% last quarter for the period ending March 31, hitting a record high of 14.5 billion hours.
Image source: Roblox Q1 investor presentation.
Source Fool.com
