This shows that Roblox isn't just some game that kids grow out of. Roblox users are growing up, but many are sticking with the platform. As the platform becomes popular among a broader range of age groups, Roblox may stand to enjoy growth to be had from a larger total addressable market. Most remarkably, the company's user base seems to be getting older, with more than 55% of users now older than 13, up from around 52% one year earlier. The company saw 58.8 million global daily active users (DAUs), up from the 49.5 million users it had over the same period last year. Until the hardware can get in a place for such a metaverse to take off, I'd argue that Roblox will continue to be the best way to play the metaverse trend.Īfter being weighed down by macro headwinds for most of 2022, Roblox showed signs of relief in its fourth quarter.
Undoubtedly, Roblox has proven it's not just a game that one can put down it's a means of visiting many "places" in the digital world that one could refer to as "the metaverse." Indeed, when we hear of the metaverse, many envision something far more advanced and immersive. As long as developers keep creating on the platform, users are likelier to stick around rather than "upgrade" to more video games with more advanced graphics and gameplay. Ultimately, Roblox stands out as a firm that could benefit greatly from network effects as the platform looks to "grow up" alongside its mostly youthful user base. Roblox: Its Network is a Source of its Moat As these experiences get richer, I believe it will be tough for rivals (like Meta Platforms) to catch up. Regardless, I think Roblox has proven it's more than just a video game company it's a growing ecosystem of digital experiences. Indeed, it's hard to see how the impressive user base will translate into profits many years down the road. With growth taking a hit from macro headwinds while multiples contract across the board, evaluating a name like Roblox has become that much harder. It's always hard to value hyper-growth stocks.
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