The Roblox Corporation (NYSE: RBLX) reported the company’s May 2021 key metrics, demonstrating noticeable growth since goingpublic on the stock marketin March 2021. The company achieved 43.0 daily active users (DAU), among many other increases over the past year. These metrics come not long after the company was sued by the National Music Publisher’s Association (NMPA) in an ongoing battle about the use of licensed music on the platform.
Overall, the company’s key metrics represent growth across most of its data over the past year. The May 2021 key metrics are:
Notably, the Roblox Corporation’s DAUs and hours engaged demonstrate a sharp increase when compared to 2020. The massive gaming platform also topped the iOS App Store and Google Play Store as the highest grossing mobile game in the first quarter of 2021 alongsideGenshin Impact, as reported byHollywood Reporter.The company’s stock price share currently sits at $89.80 as of this time of writing.
Despite the continual growth acrossRoblox, not everyone shares enthusiasm in the company’s success.Robloxisbeing sued for $200 millionby the National Music Publisher’s Association (NMPA) over claims that the online gaming company allows the illegal use of music while taking advantage of young people’s misunderstanding of copyright laws.
NMPA president/CEO David Israelite has remained outspoken against theRobloxcompany’s policies on the relaxed use of licensed music. Today, Israelite accusedRoblox ofcharging children for licensed music that the company does not own, refuting the notion thatRobloxplays nice with artists likeLil Nas XandZara Larssonby hosting virtual concerts on the platform.
Related:Grab a free Why Don’t We Roblox item, virtual concert
“They are violating the copyrights of thousands and thousands of songwriters,” said Israelite, in an exclusive interview with CNBC. “If we really thought they were a good partner promoting us, we wouldn’t be in this position. They’re not.”
National Music Publishers’ Association CEO David Israelite on the Roblox copyright infringement lawsuit: “[Roblox is] using music to build their platform and to make money for themselves and they’re not compensating the song writers…” (@CNBCClosingBell:https://t.co/wg6uRPV7Pe)pic.twitter.com/if0KX7nASf
The outcome of the legal battles thatRobloxfaces is yet to see a conclusion. For now, the company appears to remain vigilant while continuing to focus on growth and partnerships by releasing in-game events, toy partnerships, and more.
Interested in the latestRobloxnews? Check outRoblox Monopoly is available for Preorder now!andRoblox Nerf Blasters from Adopt Me, Jailbreak, Arsenal coming soon from Hasbro!on Pro Game Guides.
