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.

Roblox ’s chief executive is facing a wave of fury after his company sent a cease and desist letter to a YouTuber known for exposing alleged child predators on the online gaming platform.