Roblox Opens 3D Item Sales to More Users, Provides New Social Tools to Spur Revenue Growth

Roblox is letting more users create and sell 3D virtual goods in its platform as a way to increase revenue. This was previously restricted to select creators.
Revenue growth has slowed significantly for Roblox, with year-over-year growth dropping from over 100% in 2021 to just 15% last quarter.
Roblox makes money by taking a 30% cut of Robux sales. More user-created goods could lead to more Robux purchases and revenue.
Roblox is introducing new coding tools to help developers create more social experiences like digital phone booths for users to call friends.
Roblox is also providing developers with tools to offer subscription services within games to generate recurring revenue from dedicated fans.

cnbc.com

Relevant topic timeline:

8/9/2023

Roblox is aiming for Westworld-like ease of design with generative AI tools

Roblox CEO David Baszucki envisions a future where generative AI systems can create avatars and clothing based on text prompts. He compares this vision to the sci-fi show Westworld, where there is a text-based interaction for 3D creation. This AI-assisted creation will not only accelerate quality for developers but also allow people with no coding or design experience to easily create and sell items on the Roblox platform. Baszucki also hints at a more expansive vision for AI-assisted creation, where experiences become more diverse, immersive, and personalized for each player. Additionally, Baszucki mentions the possibility of Roblox expanding to new platforms like PlayStation or Nintendo Switch, stating that immersive 3D experiences should be available on every platform.

9/8/2023

Roblox Launching on PlayStation in October with Full Experience Catalog

Main topic: Roblox will be available on PlayStation in October. Key points: 1. Roblox will be released on PlayStation 5 and PlayStation 4. 2. The game will be free to download on PlayStation. 3. Sony fans will have access to the full catalog of Roblox experiences, indicating cross-platform compatibility.

9/8/2023

Roblox Expands to More Platforms, Launches AI and Voice Features

Gaming company Roblox plans to expand its digital worlds platform to Sony's PlayStation devices and Meta's Quest mixed reality devices, aiming to make the platform available on various devices including mobile, desktop, and augmented and virtual reality (AR/VR) devices.

9/10/2023

AI Growth Set to Surge in 2023; Investors Eye Roblox and Taiwan Semiconductor as Key Players

Artificial intelligence (AI) revolution is just beginning, and investing in companies like Taiwan Semiconductor Manufacturing (TSM) and Roblox could lead to significant long-term gains. TSM dominates the market for contract semiconductor manufacturing and offers reliable and timely delivery of high-performance chips, while Roblox is capitalizing on AI tools to enhance content creation and drive user engagement.

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Posted 9/8/2023, 5:45:01 PM

Roblox Opens 3D Item Sales to More Users, Provides New Social Tools to Spur Revenue Growth

Roblox is letting more users create and sell 3D virtual goods in its platform as a way to increase revenue. This was previously restricted to select creators.
Revenue growth has slowed significantly for Roblox, with year-over-year growth dropping from over 100% in 2021 to just 15% last quarter.
Roblox makes money by taking a 30% cut of Robux sales. More user-created goods could lead to more Robux purchases and revenue.
Roblox is introducing new coding tools to help developers create more social experiences like digital phone booths for users to call friends.
Roblox is also providing developers with tools to offer subscription services within games to generate recurring revenue from dedicated fans.

cnbc.com

Relevant topic timeline:

8/9/2023

Roblox is aiming for Westworld-like ease of design with generative AI tools

9/8/2023

Roblox Launching on PlayStation in October with Full Experience Catalog

9/8/2023

Roblox Expands to More Platforms, Launches AI and Voice Features

9/10/2023

AI Growth Set to Surge in 2023; Investors Eye Roblox and Taiwan Semiconductor as Key Players