Roblox daily active users code#
Roblox daily active users plus#

Today, Julie, your kids, my kids, they come home, and they say I'll meet you in XYZ game on Roblox. You drop your bags and you run to John's backyard. You'll come home on your bus, and all of a sudden, you know Johnny says, let's go play football in my back yard. I know when I was a kid, you know, Brian and Brad, you probably had the same thing. But even better, you get to be part of the governing body and help be part of this community. And over time, it's educational because you're learning to code. It's a creator as well as a user platform. That's literally what this ecosystem is about at Roblox as well as Web3. So that's a nice healthy summer job, if you will, for some of these kids. I mean, the 1,000th game on Roblox, actually, the developers there make salaries of over $30,000 and these are young kids. And this generation of children, they want to do both. And I can see already, like, you are a creator as well as a user. JOHN WU: I think this is the way the world is moving forward. What do you think about this sort of Roblox native generation, if you will? How sticky is that going to be to Sozzi's point, 10 years from now?

Roblox daily active users code#

It sort of has gotten them interested in wanting to code as well. And as opposed to some of the other gaming companies, there is this coding component, right? They see new games coming to the platform all the time. What I also find interesting about Roblox, John, is my kids are on it. If you take a lot of the gaming on Roblox and put some of that into what we call subnet or blockchain of the service, blockchain out of a box, you can start that process of opening it up and allowing that roll box someday to be fungible with other tokens and other Web3 related stuff out there. It has what we call app chains, which is, we can provide a blockchain as a service. That's their goal.Īvalanche is a permissionless blockchain. So 2/3 of their users are under 17, and lot of the users of all Ava Labs and Avalanche is actually over 17. JOHN WU: Well, what Roblox can do- well, there are very similar parallels here. So how do you get Avalanche on Roblox then? So it's 2/3 of the way there but it's not really Web3 and in 10 years I see moving more and more towards that. And the users can't really take it and the monetary exchange rate is controlled by the company, Robux. It is a token.īut it's a closed loop system. And the value capture, both in creation as well as destroying a value and exchanging a value, can easily be moved around an economic model through a token. A lot of the parallels to the crypto world is that in the crypto world though, the assets are really owned and custody by the users. Right now it does have a lot of the ethos of a Web3 company. I think in 10 years, what you'll see is more similar to what a Web3 crypto ecosystem is like. JOHN WU: So Roblox is trying to distance itself more and more from a gaming, innovative and gaming company, to more of a metaverse company, with experiences immersed in communications as the CEO and CFO mentioned many times on the earnings call. But what does the future look like for Roblox? John, I was thinking the other night, where is this company in 10 years? It was hard for me to wrap my head around, what are they doing 10 years from now? I look at a, let's say, Electronic Arts and they have the Madden brand, and that brand is plastered all over broadcast TV, in various football fields.

That's why you saw bookings grow 17% year over year in the fourth quarter, and amazing January numbers of, I think it was, close to 22% bookings growth. And they've been investing in research and innovation and partnerships with big brands in order to age up, to get the monetization. So in order to capture more value from these users, you need to give them experiences, both from a developer's perspective as well as a user's perspective and brands.

Roblox daily active users plus#

So it was a young demographic, 2/3 of the users of the 60 million plus were basically under the age of 17. JOHN WU: Hi, Julie, well, first as an operator of a Web3 company and as a former hedge fund manager, there's a lot to like here, the unique business model, the Web3 parallels, and as you said, the investments from 2022 are starting to pay off in the form of monetization. But what do you think what do you think is working for Roblox? Because it's seen some more weakness as of late. The company also seeing more older users, and by older, I mean like over 16, so not super old, John.

Ava Labs President John Wu joins us now to do a deeper dive into the report. It's CEO called 2022 a year of innovation. Look at that, 26%, after the gaming company saw bookings and daily active users accelerate in the fourth quarter.