Roblox reports strong Q1 growth, revises full-year forecast due to new saftey measures
Roblox reported strong first-quarter revenue and bookings growth, with average daily active users increasing 35% year-over-year to 132 million. However, the company revised its full-year forecast downwards due to the implementation of new mandatory age checks and child safety measures. These measures, including enhanced age verification, are expected to be fully implemented by June, impacting the company's projected growth rates.
- Entities
- Topic: Subscription Service
- Topic: Financial Results
- Person: David Baszucki
- Company: Roblox
- Topic: Child Safety
- Topic: User Engagement
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