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.

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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