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Roblox files for ipo11/16/2023 30, Roblox lost $203 million on revenue of $589 million, compared with a loss of $46 million on revenue of $350 million for the same period last year, according to the filing.įounded in 2004, Roblox added media executive Andrea Wong to its board last month. The company, based in San Mateo, California, was valued at $4 billion in a $150 million funding round in February that was led by venture capital firm Andreessen Horowitz.įor the nine months ended Sept. Amid school lockdowns, Roblox also has been increasingly used to teach everything from coding to physics. Roblox has been expanding its focus to become a social platform, where users can come not just for gameplay but also to attend virtual birthday parties and concerts with friends. Global game revenue is expected to grow almost 20% this year to $175 billion, according to researcher Newzoo. Usage of most video games has exploded with the coronavirus pandemic keeping millions - including school-age children - at home with time on their hands. The amount of time those users spent engaged on the platform more than doubled from last year to 22 billion hours, the company said. The company had 31 million daily active users during the first nine months of the year, up 82% from the same period in 2019, according to the filing. Roblox hosts millions of games that are built by its users, who then get a share of any related revenue. The company will disclose plans for the size and price range for the share sale in a later filing. Securities and Exchange Commission filing Thursday, though that’s a placeholder that will likely change. The size of the offering was listed at $1 billion in a U.S. filed for an initial public offering, aiming to capitalize on a pandemic-fueled sales surge and the growing popularity of its platform. (Bloomberg) - Online video-game company Roblox Corp.
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