Shares of Roblox Corporation (RBLX) soared 5.40% in pre-market trading on Monday, as investors reacted positively to reports of the gaming platform's increasing popularity in Indonesia, the world's fourth most populous country.
A recent survey by Populix revealed that one in three respondents in Indonesia plays Roblox, with the game attracting users across various generations. The majority of players (63%) cited entertainment and stress relief as their primary reasons for engaging with the platform. Additionally, 11% of users play Roblox for socializing and making new friends, while 5% use it to enhance their creativity and imagination.
The growing user base in Indonesia could potentially offset concerns about regulatory challenges in other markets. While some countries have raised issues about content moderation and child safety on the platform, the Indonesian market appears to be embracing Roblox. This expansion in a key emerging market may be fueling investor optimism about Roblox's global growth prospects, despite ongoing debates about the game's impact on younger users in some regions.
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