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-0.00177514792899415 -0.000591715976331453 0.000443786982248537 0 -0.0011834319526627 -0.0011834319526627 -7.39644970415631E-05 -0.0134615384615386
Stock impact report

How Roblox plans to lure 30-somethings onto its gaming platform [Yahoo! Finance Canada]

Roblox Corporation Class A (RBLX) 
"We've found that our age-checked 18-and-up segment is growing at over 50% year on year, which is a real great signal for future growth," Roblox CEO David Baszucki told Yahoo Finance's Opening Bid. For years, Roblox has been the digital playground where kids spent weekends — and their parents' money. But the company's latest earnings report suggests that a demographic shift is underway. The platform beat analyst estimates across the board, with Q4 bookings hitting $2.2 billion, a 55% year-over-year increase. For the full year, the company is projecting sales growth between 23% and 29%, a signal that its controversial age-verification strategy might actually be working. Launched in January of this year, the mandatory process uses facial recognition via a partnership with cybersecurity firm Persona. Once a user is verified, Roblox can group that player by age, creating a walled garden that makes the platform more palatable to advertisers and older users alike. The stock has sur Show less Read more
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