This trend is expected to continue in the second quarter of 2023. Improvements in booking and daily active users (DAUs) were also recorded as customers spent more time on its games. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company witnessed strong usage growth in the first quarter of 2023. This Zacks Rank #3 (Hold) company is benefiting from user and developer growth and strength in daily user engagement levels on the platform.
With more than 15 million distinct experiences, the company aims to become a significant element in the metaverse landscape, which is expected to drive the company’s top-line growth in the near term. Roblox Corporation price-consensus-chart | Roblox Corporation Quote Roblox Metaverse Creates a Mark Amid Rising Competition RBLX gets access to simple, pick-up-and-play VR, while Meta gets access to Roblox games, which will bring hundreds of new VR experiences to Quest users. The partnership is good news for both Roblox and Meta. As one of the largest 3D immersive platforms, Roblox's availability on Meta Quest, a leading VR headset, will provide users aged 13 and older with a new way to experience the platform. Moreover, as Roblox is cross-platform, the Meta Quest community will be able to connect, play and hang out with friends across Xbox, iOS, Android and desktop.Ĭurrently, RBLX boasts a daily user count of more than 66 million across various platforms, such as mobile devices (iOS and Android), desktops and Xbox. The open beta is a good opportunity for the Roblox developer community to optimize their existing games for Quest and build new ones for VR while gathering input and feedback from the Quest community.Īll existing Roblox experiences that use default scripts will automatically work on Meta’s VR devices, while any experience utilizing custom scripts will need to be updated with VR support. The gaming platform will offer a vast library of content for the Quest community to explore. It will work on the upcoming Quest 3 as well. Roblox RBLX announced that it is coming to Meta Platform’s META Quest virtual reality (VR) Headset 2 and Pro, starting with an open beta, which will hit Quest’s App Lab in the coming weeks.
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