![]() Revenue growth also accelerated from 56% in 2019 to 82% in 2020. The number of hours engaged on Roblox grew by 45% to 13.7 billion in 2019 and by 124% to 30.6 billion in 2020. Amid the pandemic, DAUs were up 85% year over year in 2020. The company’s DAUs grew by 47% from 12 million in 2018 to 17.6 million in 2019. ![]() However, the company posted a net loss of $253 million last year. Roblox ended 2020 with 32.6 million daily active users (DAUs), $924 million in annual revenue, $1.9 billion in bookings, and $524 million in operating cash flow. This is based on average monthly visits and time spent on its platform. ![]() Roblox claims it is ranked as one of the top online entertainment platforms for users and audiences under the age of 18. It is powered by a community of eight million developers who produce their own multiplayer experiences using the company’s desktop design tool called Roblox Studio. Roblox aims to build a platform where users can come together to play, learn and communicate. Roblox stock gained another 6.3% yesterday to end trading at $73.9, valuing the company at a market cap of $38.26 billion. It ended the day at $69.5 indicating a return of 54% for IPO investors. ![]() Roblox priced its IPO at $45 per share and began trading at $64.5 on March 10. Earlier this week, one of the world’s most popular video game platforms- Roblox Corp. It gives you a chance to bet on the growth story of a company that is looking to raise equity capital to focus on expansion. ![]() Investing in IPOs (initial public offerings) continues to excite growth investors. ![]()
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