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Roblox founder and CEO: Our business plan 17 years ago predicted the rise of metaverse

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Roblox is 'really focused on the innovation to drive and shepherd this vision of what some people call the metaverse ... forward,' CEO David Baszucki told CNBC.

Roblox recorded bookings of $637.8 million in the quarter, beating analysts' expectations of $636.5 million, according to Refinitiv. That represented a 28% jump compared with the same quarter in 2020. Average daily active users checked in at 47.3 million in Q3, a 31% year-over-year increase.

Some bearish investors bet against Roblox's stock using a strategy known as short-selling because they expected booking and engagement growth to moderate, especially given the company faced challenging year-over-year comparisons.

 

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