Roblox is bullish on its growth potential, eyes 1 billion daily active users

Roblox has posted its financial results for the second quarter ended June 30, reporting an uptick in revenue and a small decline in daily active users.According to the report, revenue was $681 million, up 15% year-over-year (yoy), with net bookings at $781 million, up 22% yoy.That said, daily spending per user was down 3% to $11.92, despite the platform having 65.5 million daily active users during the quarter, a figure that is up by 25% yoy. Read more