8月21日晚间，在哔哩哔哩（下称"B站"）2025年中期业绩发布会上，谈及游戏业务时，B站董事长 兼首席执行官陈睿表示，目前B站游戏储备充足，有4—5款游戏正在等待版号，"拿到版号后将第一时 间曝光，可以透露的是有一款三国IP的休闲类游戏将上线。" "今年来，《三谋》的表现证明其已进入长线运营阶段，公司预计至少5年运营时间，将稳定贡献 （营收）。"陈睿说道。据他介绍，赛季制是《三谋》最重要的玩法，未来将持续做好每个赛季的内容 与运营，兼顾趣味性和平衡性；除聚焦拉新玩家，该游戏未来还将重点关注老用户的活跃度与留存量， 运营方面将注重拉回流。 另外，陈睿还介绍，预计年底推出《三谋》的繁体中文版，面向港澳台用户；明年年初或将推出面 向日韩的海外服。 陈睿指出，B站将坚持（游戏）品类年轻化策略，"我们将持续寻找年轻用户对游戏品类的需求， 会针对年轻玩家的喜好多做尝试。" 谈及当季《三国：谋定天下》（下称"《三谋》"）的亮眼表现时，陈睿透露，6月13日，《三谋》 上线一周年当天，该游戏日活跃用户数量达新高；同时，S8赛季验证了更多运营方式的可行性，如在 抽卡玩法上叠加角色皮肤付费，能构成更健康的长线运营模式。 ...

Core Insights - Roblox Corporation (RBLX) is focusing on enhancing its creator-led ecosystem through increased payouts, new incentive structures, and expanded monetization channels [1][5] Group 1: Developer Incentives and Payouts - The Developer Exchange program achieved a significant milestone in Q2 2025, with Roblox paying out $316 million to creators, marking a 52% year-over-year increase and nearly double the amount from two years ago [2][8] - The top 1,000 creators on the platform now earn an average of nearly $1 million annually, while the top 10,000 creators earn over $110,000 each [2] Group 2: New Reward Structures - The introduction of the Creator Rewards Program shifts the focus from time-based incentives to rewards linked to user acquisition and organic traffic generation, aligning creator incentives with Roblox's growth objectives [3] - This new framework is expected to promote the viral adoption of new content, enhancing user lifetime value and platform engagement [3] Group 3: Monetization Strategies - Roblox is diversifying its monetization strategies beyond in-game purchases by testing Rewarded Video ads in collaboration with Google, providing developers with additional revenue opportunities [4] - The launch of an IP licensing marketplace connects creators with major brands such as Netflix, Sega, and Lionsgate, creating new monetization avenues and enriching the platform with branded content [4] Group 4: User Engagement Metrics - Roblox reported 23.4 million monthly unique payers, reflecting a 42% year-over-year increase, with average bookings per payer rising by 6% [5] Group 5: Stock Performance and Valuation - Roblox shares have increased by 44.8% over the past three months, outperforming the industry average rise of 20.6% [6] - The stock is currently trading at a forward 12-month price-to-sales (P/S) multiple of 11.34X, significantly higher than the industry average of 3.59X [10] Group 6: Earnings Outlook - The Zacks Consensus Estimate for Roblox's 2025 loss per share has widened from $1.36 to $1.71, indicating increased caution among analysts regarding the company's near-term earnings [11] - Projections suggest an 18.8% decline in earnings for Roblox in 2025, contrasting with expected growth for industry peers like Boyd Gaming, DraftKings, and Monarch Casino [12]

Core Insights - BetMGM has launched a suite of new features for its mobile app aimed at enhancing user experience ahead of the football season, focusing on speed and seamlessness in betting processes [1][5] Company Overview - BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, and has exclusive access to MGM's U.S. sports betting and online gaming operations [4] Product Enhancements - The new app features include a faster user interface, easier market discovery with a scrollable display, and new parlay builders for quick bet creation [5] - A live same-game parlay feature will be introduced for the professional football season, allowing real-time betting during games [5] - A redesigned rewards dashboard will provide players with a centralized view of their rewards points and tier progress, enhancing transparency [5] - Players can now research teams and players within the app, accessing real-time insights powered by extensive data analytics [5] - The app's visual design has been upgraded to reflect a modern aesthetic with a dark theme [5] Responsible Gaming - BetMGM emphasizes responsible gaming, integrating the GameSense program to provide resources for customers to play responsibly, ensuring a safe digital experience [2]

Regulatory Landscape - The Indian government is planning to ban real-money games under proposed online gaming regulations [1] - The ban applies to both skill-based and chance-based real-money games [1]

Core Insights - SharpLink Gaming, Inc. has reported an increase in total staking rewards to 1,388 ETH as of August 17, 2025, reflecting the company's commitment to Ethereum adoption and its treasury strategy [1][5]. Weekly ETH and Capital Summary - The company began the week with a balance of 596.8K ETH and acquired an additional 143.6K ETH, bringing the ending balance to 740.8K ETH [3]. - The average purchase price for ETH during the week was $4,648, indicating a significant investment in the cryptocurrency [3][5]. - The company raised $146.5 million in net proceeds through its At-the-Market (ATM) facility and $390 million through a registered direct offering, which closed on August 11, 2025 [5]. ETH Concentration and Performance Metrics - The ETH concentration metric rose to 3.87, representing a 94% increase since the launch of the treasury strategy on June 2, 2025 [3][5]. - The company has over $84 million in cash on hand that has yet to be deployed into ETH acquisitions, indicating potential for future investments [5]. Company Overview - SharpLink Gaming, Inc. is one of the largest publicly traded companies adopting Ether (ETH) as its primary treasury reserve asset, aligning with the future of digital capital [4]. - The company is focused on reimagining the online gaming industry, leveraging a team with extensive experience in sports media, gaming, and technology [5].

Core Viewpoint - The company, Boyaa Interactive, led by Dai Zhikang, is heavily investing in Bitcoin, holding 3,416 Bitcoins with an average cost of approximately $59,300 per coin, making it the largest holder among Hong Kong-listed companies. The value of their holdings surged to around $420 million as Bitcoin prices soared to $122,300 per coin [2][4]. Group 1: Investment Strategy - Boyaa Interactive has a strong belief in Bitcoin as a future mainstream asset, emphasizing the expansion of its Bitcoin reserves as a key strategy. Despite the volatile market, the company has continued to accumulate Bitcoin, purchasing approximately 100 Bitcoins at a price below $80,000 each during a market dip [5][7]. - The company has spent over $200 million on Bitcoin acquisitions and plans to use equity and debt financing, along with cash flow from its gaming operations, to further increase its Bitcoin holdings. It also holds a small amount of Ethereum and Tether [7][8]. Group 2: Business Operations - Boyaa Interactive's primary business remains gaming, with 97.3% of its revenue coming from online games. The company has been successful with its flagship game, Texas Hold'em, which generated over 500 million yuan at its peak [8][10]. - The company is exploring the integration of Web3 technology into its gaming business, aiming to create high-quality Web3 games and leverage its existing user base to transition into the Web3 space [11][12]. Group 3: Market Performance - The stock price of Boyaa Interactive has significantly increased, rising approximately 90% this year, largely due to its entry into the cryptocurrency market and the strong performance of Bitcoin [17][19]. - The company aims to emulate the success of Strategy, a major corporate Bitcoin holder, by continuously increasing its Bitcoin reserves and using Bitcoin growth rates as a key performance indicator [19][20].

What do American parents fear most. The answer is: Roblox "My child is obsessed with Roblox" Roblox, the first stock in the Metaverse, has been listed on the New York Stock Exchange in 2021 as the "first stock in the Metaverse." Its stock price has since soared, and its market value has surpassed major game companies such as EA and Activision Blizzard , making it one of the most valuable game companies in the United States. Although Roblox's market value once evaporated by 80% with the bursting of the Metav ...

Group 1 - FanDuel has announced a new market access agreement with St. Louis CITY SC ahead of the launch of mobile sports betting in Missouri [1][2] - Missouri will become the 25th state or territory where FanDuel offers mobile sports betting, joining a list of states including Arizona, Colorado, and New Jersey [2] - The partnership aims to engage with the local community and support St. Louis CITY SC while introducing FanDuel's leading sportsbook to Missouri [2] Group 2 - FanDuel Group is recognized as the premier mobile gaming company in the United States, with a portfolio that includes FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing [3] - The company operates across all 50 states, serving approximately 17 million customers and maintaining 25 retail locations [3] - FanDuel Group is a subsidiary of Flutter Entertainment, which is the world's largest sports betting and gaming operator [4]

Core Viewpoint - Roblox is facing a lawsuit from Louisiana Attorney General Liz Murrill, alleging that the company fails to protect children on its gaming platform, prioritizing user growth and profits over child safety [2]. Legal Allegations - The lawsuit claims that Roblox does not implement basic safety controls to protect children from predators, leading to harmful content on the platform [2]. - Louisiana seeks to prohibit Roblox from violating the Louisiana Unfair Trade Practices Act and demands restitution, attorney's fees, civil penalties, and additional damages [2]. Company Response - Roblox stated it does not comment on pending litigation but aims to address what it calls "erroneous claims and misconceptions" [3]. - The company claims to continuously introduce new safety tools, maintain stricter safety policies than other platforms, and actively work to detect and prevent inappropriate content and behavior [3][4]. Safety Measures - Roblox provides parental controls to help ensure a safe online experience for children and collaborates with law enforcement and child safety organizations [4]. - The company emphasizes its commitment to creating a safe online environment, which it considers critical to its long-term vision and success [5]. Recent Complaints - In a short period, seven complaints have been filed against Roblox in various states, including California, Pennsylvania, and Texas, regarding issues related to child predators on the platform [5]. - Roblox reported having 111.8 million daily active users in its second-quarter earnings release [6].

Core Viewpoint - Roblox Corporation is facing legal challenges from the state of Louisiana, which accuses the platform of prioritizing user growth and profits over child safety, leading to harmful content and exploitation of minors [3][4]. Group 1: Legal Issues - Louisiana Attorney General Liz Murrill has announced a lawsuit against Roblox, claiming the platform is "overrun with harmful content and child predators" [3]. - The lawsuit alleges that a group of 3,334 Roblox users engaged in trading child pornography and soliciting sexual acts from minors [3]. - Louisiana is seeking monetary damages, unspecified "injunctive relief," and proof of adequate safety features, which could impact Roblox's business operations [3]. Group 2: Financial Performance - Roblox has not reported any profits since its inception and is expected to continue losing money at least through 2029, according to most analysts [3]. - Despite the losses, Roblox generated $942 million in free cash flow over the last 12 months, resulting in a price-to-free-cash-flow ratio of 92 [3][5].