9/21/2023 0 Comments Roblox files for ipo![]() ![]() The company, then, has grown more quickly in 2020 to date than it did in 2019, an impressive acceleration at scale. More recently, the company’s revenue expanded 68% in the first three quarters of 2020 from its 2019 result over the same period, to $588.7 million. Roblox has seen similar growth in its total revenues, growing 139% to $312.8 million in 2018, and 56% to $488.2 million in 2019. We’ve also dug into its tech stack evolution here, if that is your jam.) (TechCrunch has a deep-dive into Roblox and its pre-IPO success here if you want more depth in its business mechanics. ![]() According to Roblox, its developer and creator pool earned $72.2 million in the first three quarters of 2019, a figure that soared to $209.2 million in the same period of 2020. Third-party developers can create experiences on the platform that cost Robux, a model that has seen significant uptake over time. Roblox is a free-to-play game and developer platform, which means users don’t pay to access its service, but there are in-game purchases through a currency called Robux and a subscription service called Roblox Premium, which comprise the bulk of the company’s revenues. TechCrunch will have more on venture capital results, and the nuances of Roblox’s business model, once we tease them out of its fresh SEC filing. This post will provide an overview of Roblox’s business results, and a quick dig into its history of raising private capital and who owns what in the company as it stands today. ![]() ![]() After its IPO, Unity shares have rocketed, perhaps preparing the public markets for Roblox’s own debut. The company is not the first gaming platform company to go public this year, with gaming engine Unity debuting earlier this year. Roblox filed confidentially to go public in mid-October, but its numbers were unreleased until today when it published its S-1 document. Its listing comes one day after the lending company Affirm initiated its own public offering and a mere two days after Airbnb’s filing. The unicorn gaming company joins Airbnb, DoorDash and Affirm in targeting an IPO before the end of the year ![]()
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