Roblox first raised money in January 2005, with a $560,000 Series A. So it looks like while Roblox was getting its losses under control pre-COVID, those losses accelerated with the pandemic: Losses from operations increased more than 344 percent between the first nine months of last year and the same period in 2020.
But its consolidated net losses then grew again in the first nine months of 2020, from $46.3 million in the same period the year prior to $205.9 million. Roblox’s consolidated net losses decreased from around $97.2 million in 2018 to around $86.1 million in 2019. That explosive growth appears to have caused losses to go up as well. Still, the company does “not expect these activity levels to be sustained, and in future periods we expect growth rates for our revenue to decline, and we may not experience any growth in bookings or our user base during periods where we are comparing against COVID-19 impacted periods (i.e. 30, 2019 and the same period this year, the company said. “We have experienced rapid growth in the three months ended June 30, 2020, Septemand for a portion of the three months ended March 31, 2020, due in part to the COVID-19 pandemic given our users have been online more as a result of global COVID-19 shelter-in-place policies,” Roblox wrote.īookings increased 171 percent between the nine months ended Sept. The COVID-19 pandemic has evidently boosted Roblox’s numbers, as people have stayed home and turned to streaming, gaming and other forms of home entertainment. More recently, the company reported $588.7 million in revenue for the first nine months of 2020, up 68 percent from $349.9 million during the same period last year. 21, 2019, up 56 percent from around $312.8 million in revenue it generated during the same period in the year prior. Roblox reported more than $488 million in revenue for the year that ended on Dec. The company has about 31.1 million daily active users, according to the S-1. About $241 million have been paid to community developers on its platform, per the website.
The company says on its website that 37 billion hours have been played on its platform since 2008 and it logs about 3 billion total engagement hours each month. The company recently made headlines for hosting its first virtual concert featuring a star born out of another app popular among kids and teens: Lil Nas X, who first found fame on video-sharing app TikTok. In fact, Roblox said in its S-1 that 25 percent of its users are under the age of 9, and 29 percent are between the ages of 9 and 12. It’s popular in the world of gaming, especially among younger users. Roblox is a platform where users can create their own games and play games made by others.
#ROBLOX HOME PAGE 2020 REGISTRATION#
Its stock has since risen around 70 percent.īefore Roblox makes its public debut, let’s take a look at its funding history and valuation, and dive into its S-1 registration statement to go public. Unity, which makes video game software, went public in September. The San Mateo-based startup will follow Unity Technologies, another gaming company, in hitting the public markets this year. Online game platform Roblox filed to go public on Thursday, revealing explosive revenue growth but increasing losses as the COVID-19 pandemic boosted its business.
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