Roblox on Friday announced it is building a generative AI model to allow creators to more easily build 3D objects and scenes.

Roblox released its financial results for the full year 2021, reporting a 108% increase in revenue to $1.9 billion.

Roblox will host a live Q&A session to answer questions regarding their fourth quarter and fiscal year 2021 results on Wednesday, February 16, 2022 at 5:30 a.m. Pacific Time.

How does Roblox make money? Roblox uses a freemium model for its users. While games are free to play, users can only access more advanced features and customizations by paying for them.

Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, released its first quarter 2021 fi ...

The subscription model is likely to boost growth through a stream of recurring revenue.Roblox is also looking at brands with whom it can create marketing partnerships.

— Roblox (@Roblox) October 31, 2021 The recovery came after an outage that lasted three days, a somewhat rare streak of blackout for a tech firm of Roblox’s colossal size.