Roblox’s CEO speaks of the growth objectives after profits: ‘Huge market from there’

In a Thursday interview with CNBC’s Jim Cramer, RABLX The CEO Dave Baszucki reflected on the most recent quarter and described the company’s progress towards its objective of obtaining 10% of all games content in the world on the platform.

“There is a great market out there. We saw the NFL universe, which is a totally licensed sports game, appear in Roblox and enter the top 25. We saw a spongeBob reached the top 25,” he said. “We are only reaching 2.4% of the total space market space in Roblox. That’s a lot of space.”

RABLX aware Gains Thursday morning, and their daily reservations and data of active users entered below Estimates The actions sank throughout the session, ending the day a little more than 11%. But Baszucki said the company is “well on the way” to meet its content goal, saying that Roblox beat the guide he had shared.

Baszucki pointed out some of Roblox’s recent companies, including the integration of the brand with popular Wicked and Beetlejuice films. Both the National Soccer League and the National Basketball Association are on the platform, continued, as well as the content of the popular YouTube Creator Mr. Beast. Baszucki also said that Roblox is using artificial intelligence to make the platform safer for users, a significant part of which they are children.

The platform is exploring immersive experiences beyond traditional games, Baszucki continued, including an incursion into digital electronic commerce with Shopify. According to him, this type of technology can be used in other entertainment areas and in academic environments.

“Shopify is a new experiment for us, but we are really focused on this long -term vision that immersive 3D is a new way for people to meet with security and courtesy, and it is not just for games,” Baszucki said.