Roblox players to start seeing video ads in its virtual realms [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
Users will now see billboards featuring content from brands such as e.l.f beauty, Walmart and Warner Bros Discovery, just as they would in real life. That would give advertisers access to Roblox's nearly 72 million daily active users — half of whom are Gen-Z customers, a population group prized by marketers and businesses. The company in November began testing the video ads — that will be served to users who are 13 years and older — as part of its efforts to reduce reliance on revenue generated from its in-game currency "Robux", which players can use to buy outfits, vehicles and other features inside the company's digital worlds. It charges a fee on all purchases done on its platform, which hosts millions of videogames that are built by its users — who get a share of any related revenue. That practice will extend to the ads, with creators of the virtual worlds who opt to show the billboards getting a portion of the revenue Roblox makes from them. Roblox is hoping its large
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RBLX
Earnings
- 5/9/24 - Beat
RBLX
Sec Filings
- 5/14/24 - Form 4
- 5/13/24 - Form 144
- 5/9/24 - Form 10-Q
- RBLX's page on the SEC website