The gaming industry has been one of the winners of the onset of the COVID-19 pandemic, with video game sales and stocks outpacing the market at large. The company saw an annual revenue bump of more than 70% when compared to September 2019. The company also revised its net losses from the same period from $213.3 million to $194.5 million. Roblox recently announced that its revenues in the first 3 quarters of 2020 reached $613.9 million, more than $25 million than the company’s previous estimate of $588.7 million.

In addition to a history of successful venture funding, Roblox’s sales have been impressive - especially as 2020 came to a close. Roblox has a history of successful fundraising efforts in addition to its high download numbers, which exploded during the onset of the COVID-19 pandemic. Roblox currently has an estimated valuation of $29.5 billion, with its most recent fundraising effort drawing in $520 million in a new round of funding that occurred in January 2021. In February 2020, the company raised $150 million in Series G, led by venture capital firm Andreessen Horowitz. Roblox continued to gain funding in proceeding years. Roblox underwent its first fundraising effort in 2005 when it gained $560,000 in a Series A. Roblox officially IPO’d Mawith a price of $45 per share. Roblox had initially filed for a standard IPO but later opted for a direct listing after DoorDash and Airbnb priced their IPOs below the stock opening prices. Roblox amended its documents to postpone its IPO to February 2021 from Q4 of 2020, then filed an additional amendment, pushing the IPO date to March 10, 2021. Today, Roblox has more than 160 million active users and more than 50% of kids in the U.S. Roblox offers a free-to-play multiplayer program supported through in-game purchases using “Robux,” the platform’s digital currency.Īlthough Roblox has a long history, it recently experienced an explosion of growth resulting from the COVID-19 pandemic as more users explored online gaming communities. Roblox, an online gaming platform created in 2004, allows users to design and create multiplayer games and share them with friends and other users. While the Roblox stock release date has come and gone, you should consider investing in this exploding and profitable market. Roblox had delayed its initial public offering and now will list its shares directly instead of going the IPO route.

(NYSE: RBLX) released nearly 199 million shares for trading on the New York Stock Exchange on March 10, 2021.

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