Roblox reports a nearly $1bn net loss during 2022

TL;DR

Sign up for the GI Daily here to get the biggest news straight to your inboxRoblox released its fourth quarter full-year financial earnings for 2022 today and the firm saw jumps in revenue and bookings while losses deepened significantly. 4 million, up 17% year-on-yearNet loss: $291 million (compared to a $147 million loss in the year ago-quarter)The highlights: The company said that the growth in its net losses for Q4 and the full year was similar to that of 2021, attributing them to higher expenses to support the expansion of its business operations. 08% Atomic Heart composer Mick Gordon donating fee to Ukrainian aid Microsoft to attend hearing with EU regulator on February 21 Bayonetta 3 sells 1m copies | News-in-brief Activision Blizzard mandates partial return to office Dead Island 2's launch pulled forward a week | News-in-brief China games trade body calls for more restrictions on minors playing video games Epic files appeal in India to push for third-party app stores on Google Play Copyright © 2023 Gamer Network Limited, a ReedPop company

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