Roblox rival Rec Room to shut down after losses

cityam03-31

The firm also pointed to a "shift in the VR market" A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch.Rec Room ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2623801095?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/03/EVERGREEN_USE_THIS_ONE-2.webp?w=824&h=463&crop=1","is_english":true,"pubTime":"2026-03-31 21:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2623801095","market":"fut","top_or_hot":-1,"title":"Roblox rival Rec Room to shut down after losses","media":"cityam","content":"<div>\n<p>The firm also pointed to a \"shift in the VR market\"  A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch.Rec Room ...</p>\n\n<a href=\"https://www.cityam.com/roblox-rival-rec-room-to-shut-down-after-losses/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roblox rival Rec Room to shut down after losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRoblox rival Rec Room to shut down after losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 21:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/roblox-rival-rec-room-to-shut-down-after-losses/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The firm also pointed to a \"shift in the VR market\"  A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch.Rec Room ...</p>\n\n<a href=\"https://www.cityam.com/roblox-rival-rec-room-to-shut-down-after-losses/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.cityam.com/roblox-rival-rec-room-to-shut-down-after-losses/","article_id":"2623801095","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/03/EVERGREEN_USE_THIS_ONE-2.webp?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/roblox-rival-rec-room-to-shut-down-after-losses/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2623801095","pubTimestamp":1774965239,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The firm also pointed to a \"shift in the VR market\"  A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch.Rec Room said it will close on June 1, despite having attracted more than 150 million players and creators and reaching a valuation of $3.5bn  at its peak.In a blog post, the company said it “never quite figured out how to make Rec Room a sustainably profitable business”, adding that “our costs always ended up overwhelming the revenue we brought in”.The firm also pointed to a “shift in the VR market” and broader headwinds in gaming, saying the “path to profitability has gotten tough enough” to force the decision.The platform had positioned itself as a competitor to Roblox, offering users tools to create and monetise their own games and virtual experiences.While the model has proved popular with younger audiences, turning that engagement into consistent revenue has remained a consistent challenge.Rob","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4547":"WSB热门概念","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","BK4535":"淡马锡持仓","BK4085":"互动家庭娱乐","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4588":"碎股","RBLX":"Roblox Corporation","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4565":"NFT概念","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","RBLU":"2倍做多RBLX ETF-T-REX","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4554":"元宇宙及AR概念","RBLY":"Yieldmax RBLX Option Income Strategy ETF"},"translate_title":"Roblox竞争对手Rec Room因亏损而关闭","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBLY":0.6,"RBLX":1.5,"RBLU":0.6},"content_text":"The firm also pointed to a \"shift in the VR market\"  A major rival to Roblox is shutting down after failing to turn its large user base into a profitable business, 10 years after its launch.Rec Room said it will close on June 1, despite having attracted more than 150 million players and creators and reaching a valuation of $3.5bn (£2.65bn) at its peak.In a blog post, the company said it “never quite figured out how to make Rec Room a sustainably profitable business”, adding that “our costs always ended up overwhelming the revenue we brought in”.The firm also pointed to a “shift in the VR market” and broader headwinds in gaming, saying the “path to profitability has gotten tough enough” to force the decision.\n\nThe closure follows significant cuts last year, when Rec Room laid off around half of its workforce.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe platform had positioned itself as a competitor to Roblox, offering users tools to create and monetise their own games and virtual experiences.While the model has proved popular with younger audiences, turning that engagement into consistent revenue has remained a consistent challenge.Roblox, the dominant player in the sector, recently reported fourth-quarter bookings of $2.22bn, up 63 per cent year-on-year, with 144 million daily active users.\n\nHowever, it also posted a net loss of $316m, highlighting the high costs associated with running large-scale gaming ecosystems.Elsewhere, Meta has scaled back its Horizon Worlds platform, while Epic Games recently cut more than 1,000 jobs following a downturn in engagement in Fortnite.Rec Room said its closure reflects the difficulty of sustaining growth in a market where infrastructure, development and moderation costs continue to rise.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623801095","isCrawlerRequest":true}