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Roblox Lost $1.2 Billion in 2023. What Investors Need to Know Demitri Kalogeropoulos, The Motley Fool Sat, Feb 17, 2024, 7:35 AM4 min read In this article: RBLX ...
That's because Roblox books revenue over a period of many months even though it collects cash up front when users buy its digital currency.
Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.
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