Gaming Market Dynamics and Roblox's Challenges The global video game market size was estimated at $217.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.4% ...

Roblox wants to make its avatars look less blocky and more realistic, and it has announced a couple of visual updates meant to achieve that goal during its annual developers conference. One of ...

Image shows one of the original R6 avatar types in "Roblox". These characters were made up of just 6 blocks and painted textures for clothing. Roblox Corporation Image shows an R12 avatar in Roblox.

Beyond Roblox Connect, the company had a flurry of other announcements at its developer event, including the news that Roblox would finally be available on PlayStation 4 and PS5 starting next month.

In 2022, 1.8 billion total avatar items were sold on the Roblox Marketplace. Through 2023, the company anticipates creators — including avatar item makers — to earn $800 million.

User-generated gaming platform Roblox announced the acquisition of Loom.ai for an undisclosed sum. Loom.ai is a San Francisco-based startup founded by former LucasFilm and DreamWorks staff ...