In this photo illustration, the Roblox app seen displayed on a smartphone screen and a Roblox logo in the background.
The platform also serves as a digital social hub where users can connect with their friends online and attend virtual events.
Roblox has 79.5 million average daily active users as of the second quarter of 2024, according to the company's fiscal Q2 2024 earnings report released on Aug. 1.
In fiscal year 2023, Roblox counted 68.4 million daily active users, a majority of them younger than 25.
CNBC calculated how much a $1,000 investment in Roblox would be worth now if you had invested in the company both one year ago and when it went public.
Persons:
Roblox, Gucci, David Baszucki
Organizations:
Roblox Studios, NFL, PlayStation, New York Stock Exchange, CNBC
Locations:
Newzoo, Roblox