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Roblox servers shutting down 20209/8/2023 And by May, sales hit close to $103 million. In April, revenue grew 34% to $93.2 million. In March, Roblox revenue grew 28% month-over-month to $69.8 million, the report found. It hit the new record only seven months after reaching its $1 billion milestone - a surge in consumer spend attributed directly to the global COVID-19 pandemic and the related growth in entertainment platforms and social gaming. The entertainment platform now has more than 120 million active monthly players and, as of June, surpassed a milestone of $1.5 billion in lifetime player spending, according to a report from Sensor Tower. Roblox has been doing particularly well as the pandemic has forced children to stay at home under lockdown. Roblox, however, says it’s making private servers available for free in Party Place, so parents and kids can create a place where only those friends they directly invite can join and play. Likely, many of these visits were just from curious kids poking around in a public area as you can today join the Party Place venue without a private server if you want to just see the venue. The product is in beta testing, according to the Roblox website, and has seen only around 45.3,000 visits since its launch last week. From Party Place, the group can chat and hang out as they decide which Roblox game they plan to play next. The venue itself doesn’t offer any activities or games, but rather serves as a private place for Roblox users to gather - for example, for a virtual birthday party, a remote learning activity with classmates, for virtual playdates, or anything else. The company’s new “Party Place” venue is based on the technology the gaming company built to accommodate its own virtual events, including its 7th Annual Bloxy Awards and the One World: Together At Home concert, hosted in April in collaboration with Lady Gaga. Now, Roblox is launching a new feature called “Party Place” to directly cater to the growing demand among users for a dedicated, private place to host virtual events. We’ve already heard of Fortnite birthday parties, Roblox playdates and Animal Crossing meetups taking place online amid the pandemic. The coronavirus pandemic and related government lockdowns have led to a surge in online gaming - particularly on social platforms where people can connect with real-life friends in a virtual venue.
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