Latest news with #gamingplatform
Yahoo
18-07-2025
- Yahoo
Roblox rolls out new AI-powered safety measures to protect teens
The online gaming platform Roblox announced new safety measures tor teenagers. The new "age estimation technology" will require users to take a selfie video which will be analyzed by AI to estimate their age. This comes after Roblox came under fire over a 27-year-old man who was was accused of kidnapping a ten-year-old he met on the gaming platform. Solve the daily Crossword
Yahoo
24-06-2025
- Business
- Yahoo
Backstageplay Announces Closing of First Tranche of Non-Brokered Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Backstageplay Inc. (TSXV: BP.H) (the "Company") announced that following receipt of TSXV's conditional approval for the non-brokered unit private placement announced on May 30, 2025 (the "Offering") it has completed the first tranche of the Offering and issued an aggregate of 1,250,000 common shares at a price of $0.08 per share, for gross aggregate proceeds of $100,000. Each Unit consists of one common share of the Company and one warrant. Each whole warrant entitles the holder to purchase one share at a price of $0.50 per warrant share for a 12 month period from the closing of the Offering. All securities sold in the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. The Company has paid finder's fees on the Offering in the amount of $6,000 to BMO Nesbitt Burns Inc. The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. The total net proceeds from the Offering will be used for the development of a new social gaming platform and content, integration of third-party solutions as well as general corporate working capital. There is no material fact or material change related to the Company that has not been generally disclosed. The Offering remains subject to Exchange approval. For further information please contact: Sean Hodgins, CFO (778) 318-1514 Scott White, CEO (416) 704-6611 Neither the TSX Venture Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, including statements regarding the closing of the non-brokered financing, the proposed use of funds, and expectation of multiple closings of the private placement, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: timing of completion of financing; changes in general economic conditions and conditions in the financial markets; delays in obtaining approvals; and, litigation, legislative, environmental, and other judicial, regulatory, political, and competitive developments;. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events, or otherwise, except in accordance with applicable securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in the United States or any other jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available. /Not for distribution to U.S. news wire services or dissemination in the United States/ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Could Roblox Help You Become a Millionaire?
Roblox's stock has nearly taken a round trip back to its debut price. Its growth is accelerating, but it's nowhere close to breaking even yet. It looks reasonably valued, but it still needs to prove its business model is sustainable. 10 stocks we like better than Roblox › Roblox (NYSE: RBLX) was once a hot stock. The gaming platform developer went public via a direct listing on March 10, 2021. Its stock started trading at $64.50 and eventually more than doubled to a record high of $134.72 on Nov. 19, 2021. At the time, investors were dazzled by its rapid growth, its sticky ecosystem, and its popularity with tween players. But at the time of this writing, Roblox's stock trades at around $70. It lost its luster as it lapped its pandemic-driven growth spurt, racked up more losses, and grappled with safety and regulatory issues. Could it eventually bounce back and generate millionaire-making gains over the next decade? Roblox allows its users to create games and other experiences with a simple drag-and-drop system that doesn't require any prior coding knowledge. Its marketplace also offers premade assets and templates that further simplify that process. Its higher-level users can use Lua, a popular scripting language for video games, to add more sophisticated features. Roblox's creators can monetize their games with an in-game currency called Robux. That creator-driven cycle fuels the platform's growth by pulling in more players and driving them to buy more Robux. Roblox's simplicity drew in a lot of tween users during the pandemic's height, when most students stayed at home and spent a lot of time in front of their computers. It's also building an advertising ecosystem as more brands set up virtual "metaverse" worlds on its platform. If we look back at Roblox's growth in bookings, daily active users (DAUs), average bookings per daily active user (ABPDAU), and total hours engaged, we'll see that its growth decelerated in 2022 after it lapped its pandemic-driven growth spurt in 2021. The bears argued that Roblox was just a fad, and that its long-term growth would stall out as its tween users outgrew its platform. Metric 2021 2022 2023 2024 Bookings Growth 45% 5% 23% 24% DAU Growth 40% 23% 22% 21% ABPDAU Growth 4% (14%) 0% 2% Hours Engaged Growth 35% 19% 22% 23% Data source: Roblox. But in 2023 and 2024, Roblox's bookings growth accelerated again as it expanded overseas and attracted older creators and players. Those newer DAUs generated lower bookings than its core audience of tween users in the U.S. and Canada, but its engagement hours are still rising. That stickiness might pave the way for higher Robux sales and stronger bookings growth in the future. In the first quarter of 2025, Roblox's bookings grew 31% year over year. Its DAUs rose 26% to 97.8 million, its ABPDAU increased 4%, and its total hours engaged jumped 30% to 21.7 billion. That acceleration counters the bearish notion that it's a fad stock that will simply fade away, and supports the bullish idea that its creator-driven cycle will drive its long-term expansion. For the full year, Roblox expects its bookings to grow 21% to 23% as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increases 14% to 47%. But it's still deeply unprofitable on a generally accepted accounting principles (GAAP) basis -- and it's still spending a lot of money on strengthening its digital safeguards for children, exchanging cash for its creators' accumulated Robux (its "developer exchange fees"), and expanding its cloud infrastructure. With a market cap of $47.78 billion, Roblox trades at 9 times this year's bookings. It's not a bargain, but it also doesn't seem that expensive if it can consistently grow its bookings by the double digits. For now, analysts expect its bookings to grow at a compound annual growth rate (CAGR) of 20% from 2024 to 2027. Assuming it can maintain that growth rate for another eight years, its annual bookings could reach $32.25 billion in 2035. If it still trades at 9 times its forward bookings by the final year, its market cap would rise sixfold to $290.25 billion over the next 10 years. That gain could turn a $10,000 investment into more than $60,000, but it probably won't generate millionaire-maker gains unless you buy a lot more shares. Roblox could also face more growing pains over the next few years if it can't balance the costs of protecting its younger users and expanding its cloud infrastructure with its top-line growth. Roblox might still be a good investment for patient investors, but it probably won't become a millionaire-maker within the next decade. It's carved out a high-growth niche, but it needs to keep its platform safe and prove its business model is sustainable if it wants to evolve into a much larger company. Before you buy stock in Roblox, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Roblox wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $614,911!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $714,958!* Now, it's worth noting Stock Advisor's total average return is 907% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy. Could Roblox Help You Become a Millionaire? was originally published by The Motley Fool
