Even though many of its peer tech companies were focused on cutting costs in 2023, Roblox generated $1.2 billion of red ink for the year compared to $900 million in losses in the prior year.

Roblox, the video game platform loved by preteens, earned close to $1.2bn from selling virtual currency to its users in the first nine months of the year as gaming surged under Covid-19 lockdowns.

The company had nearly a $1.2 billion net loss in 2023, worse than its loss of more than $900 million in 2022. Here's the thing -- both of these trends are expected to continue for Roblox in 2024.