The metaverse platform Roblox reported a loss of nearly $300 million in Q3, more than tripling year-on-year

ChainCatcher news, according to Wall Street Watch, the metaverse platform Roblox announced its third-quarter financial report, showing a loss of $297.8 million in the third quarter, which is more than three times the loss of $74 million in the same period last year. In terms of revenue, Roblox's third-quarter operating revenue increased by 2% year-on-year to $517.7 million, compared to a growth rate of 102% in the same period last year.

In addition, the third-quarter bookings were $701.7 million, a year-on-year increase of 10%, while bookings in the same period last year grew by 28%. As of the end of the third quarter, Roblox's average daily active users (DAU) were 58.8 million, an increase of 24% year-on-year, compared to a growth of 31% in the same period last year; the average bookings per DAU were $11.94, down 11% from $13.49 in the same period last year. (Wall Street Watch)