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Roblox (RBLX) Announces Partnership With Hamilton Simulator
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Roblox (RBLX - Free Report) recently announced a new partnership with Hamilton. Hamilton is a widely acclaimed musical that blends hip-hop with the story of American Founding Father Alexander Hamilton.
The musical has collaborated with Super League, a company specialized in crafting digital experiences within metaverse platforms. This union has given birth to Hamilton Simulator on Roblox, a renowned online video game platform renowned for its capacity to engage players within a diverse array of virtual worlds.
Set against the backdrop of Hamilton's music, the Hamilton Simulator drops players in the world of Revolutionary War-era New York. This allows them to explore and interact with the diverse locations depicted in the musical. The game also includes interactive puzzles and history-themed activities, enriching the gameplay beyond its immersive qualities.
Describing it as a cultural milestone that emerges only once in a generation, it is noted that Hamilton has broadened perspectives and brought joy to countless fans around the world. Now, the musical will be introduced to the vast global audience within the immersive environment of Roblox's virtual world. This is expected to boost the company’s Daily Active Users (DAUs) and Total Hours Engaged.
The Zacks Consensus Estimate for RBLX’s third-quarter 2023 DAUs is pegged at 71,106, indicating year-over-year growth of 20.9%. The consensus mark for Total Hours Engaged is pegged at 15,746.8, indicating year-over-year growth of 23%.
Roblox recently launched a new Roblox Partner Program designed to scale brand innovation and enable a self-serve, global advertising ecosystem on the platform. This is expected to boost the company’s top line in the upcoming quarters.
The Zacks Consensus Estimate for RBLX’s third-quarter 2023 revenues is pegged at $832.09 million, indicating year-over-year growth of 18.58%. The consensus mark for loss per share is pegged at 51 cents, indicating a year-over-year decline of 2%.
The initial group of signed partners includes early adopters that are already influencing marketing within immersive spaces and are close to the Roblox ecosystem. This group consists of Century Games, Dentsu, Dubit, Playwire, Sawhorse, The Gang Group and Vayner3.
These partners possess expertise in crafting 3D immersive content, a deep understanding of the Roblox community and innovative advertising solutions. The insights can be beneficial for other marketers who are new to the platform.
According to a Cision report, the Global Metaverse Market is anticipated to demonstrate a remarkable compound annual growth rate of approximately 40% during the forecasted period (2022 to 2030) and achieve revenues of around $700 billion by 2030. This growth trajectory is attributed to the escalating popularity of virtual reality, augmented reality and mixed reality.
Meta, the entity responsible for constructing the most extensive network of real-time 3D virtual realms, enabling users to preserve their identities and transaction records, is at the forefront. Additionally, Meta has selected the European Union as the locus for advancing metaverse technology with the goal of generating employment opportunities in Europe.
NVIDIA is positioned as a prominent contender for collaboration within the Metaverse sector. The company invested efforts into providing free access to Omniverse, a software designed for creating materials compatible with the Metaverse.
Microsoft is positioned as a key contributor to the development of the Metaverse by enhancing AltspaceVR to ensure user safety within this technology-driven environment. MSFT is also collaborating with Qualcomm to design a novel augmented reality chipset, which holds the potential to unlock expanded capabilities for the advancement of the Metaverse.
Even though there are bigger players in the market, Roblox has its own unique proposition. Within its platform, RBLX provides a wide range of games, including those that allow players to engage themselves in virtual environments for quick and informal conversations. The company has also orchestrated significant global events for the advancement of the Metaverse, such as the Lil Nas X Concert.
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Roblox (RBLX) Announces Partnership With Hamilton Simulator
Roblox (RBLX - Free Report) recently announced a new partnership with Hamilton. Hamilton is a widely acclaimed musical that blends hip-hop with the story of American Founding Father Alexander Hamilton.
The musical has collaborated with Super League, a company specialized in crafting digital experiences within metaverse platforms. This union has given birth to Hamilton Simulator on Roblox, a renowned online video game platform renowned for its capacity to engage players within a diverse array of virtual worlds.
Set against the backdrop of Hamilton's music, the Hamilton Simulator drops players in the world of Revolutionary War-era New York. This allows them to explore and interact with the diverse locations depicted in the musical. The game also includes interactive puzzles and history-themed activities, enriching the gameplay beyond its immersive qualities.
Describing it as a cultural milestone that emerges only once in a generation, it is noted that Hamilton has broadened perspectives and brought joy to countless fans around the world. Now, the musical will be introduced to the vast global audience within the immersive environment of Roblox's virtual world. This is expected to boost the company’s Daily Active Users (DAUs) and Total Hours Engaged.
The Zacks Consensus Estimate for RBLX’s third-quarter 2023 DAUs is pegged at 71,106, indicating year-over-year growth of 20.9%. The consensus mark for Total Hours Engaged is pegged at 15,746.8, indicating year-over-year growth of 23%.
Roblox Corporation Price and Consensus
Roblox Corporation price-consensus-chart | Roblox Corporation Quote
Recent Partnerships to Boost RBLX’s Top Line
Roblox recently launched a new Roblox Partner Program designed to scale brand innovation and enable a self-serve, global advertising ecosystem on the platform. This is expected to boost the company’s top line in the upcoming quarters.
The Zacks Consensus Estimate for RBLX’s third-quarter 2023 revenues is pegged at $832.09 million, indicating year-over-year growth of 18.58%. The consensus mark for loss per share is pegged at 51 cents, indicating a year-over-year decline of 2%.
The initial group of signed partners includes early adopters that are already influencing marketing within immersive spaces and are close to the Roblox ecosystem. This group consists of Century Games, Dentsu, Dubit, Playwire, Sawhorse, The Gang Group and Vayner3.
These partners possess expertise in crafting 3D immersive content, a deep understanding of the Roblox community and innovative advertising solutions. The insights can be beneficial for other marketers who are new to the platform.
According to a Cision report, the Global Metaverse Market is anticipated to demonstrate a remarkable compound annual growth rate of approximately 40% during the forecasted period (2022 to 2030) and achieve revenues of around $700 billion by 2030. This growth trajectory is attributed to the escalating popularity of virtual reality, augmented reality and mixed reality.
The metaverse has quite a number of big players like Meta Platforms (META - Free Report) , NVIDIA (NVDA - Free Report) , Microsoft (MSFT - Free Report) and Roblox.
Meta, the entity responsible for constructing the most extensive network of real-time 3D virtual realms, enabling users to preserve their identities and transaction records, is at the forefront. Additionally, Meta has selected the European Union as the locus for advancing metaverse technology with the goal of generating employment opportunities in Europe.
NVIDIA is positioned as a prominent contender for collaboration within the Metaverse sector. The company invested efforts into providing free access to Omniverse, a software designed for creating materials compatible with the Metaverse.
Microsoft is positioned as a key contributor to the development of the Metaverse by enhancing AltspaceVR to ensure user safety within this technology-driven environment. MSFT is also collaborating with Qualcomm to design a novel augmented reality chipset, which holds the potential to unlock expanded capabilities for the advancement of the Metaverse.
Even though there are bigger players in the market, Roblox has its own unique proposition. Within its platform, RBLX provides a wide range of games, including those that allow players to engage themselves in virtual environments for quick and informal conversations. The company has also orchestrated significant global events for the advancement of the Metaverse, such as the Lil Nas X Concert.