Nike is partnering with roblox to launch a virtual world called Niketown.
Source: Nike
Game company Roblox shares fell more than 11% in after-hours trading on Tuesday after going missing Quarter IV expect both top and bottom lines.
Here’s how the company fared against expectations:
- Revenue (pre-orders): $770 million versus $772 million expected, according to consensus estimates by Refinitiv
- Loss per share: 25 cents vs 13 cents expected, per Refinitiv
The company also reported 49.5 million daily active users, up 33% year-over-year.
Roblox creates an open game platform that allows players to create their own “world” where they can interact and play with others over the internet and was the first major company to work on the metaverse out. public eye.
Roblox sells virtual currency to players, which are used to purchase in-game digital items. Roblox has also signed with a number of major brands in recent months, such as the NFL and Nike.
