Shares of online game creation platform Roblox surged 20% on Monday
behind a monthly metrics report that detailed favorable user growth.
Estimated revenue for the month was between $170 million-$180 million
Roblox reported more daily active users in August 2022 with 59.9 million
and 4.7 billion hours engaged, but the drop was attributed to the return of schools
Net cash from operating activities was $26 million in Q2 2022
In October, Roblox secured a landmark deal with FIFA to offer users free-to-play
access ahead of the 2022 World Cup in Qatar to “FIFA World” — a virtual environment in the metaverse.
The strong debut would give Roblox a market cap of roughly $45 billion
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