Are These The Top Health Care Stocks To Watch Right Now? Gaming Is Just Half The Storyįor those unfamiliar with the game, Roblox can easily attract new users and retain old ones. That’s understandable as people staying at home turn to video games for entertainment. The company attributes this acceleration to the pandemic. Roblox has seen its daily users skyrocket 85% over the past year, sending sales up 82% along with them. Now, the online gaming platform boasts tens of millions of games played by 32.6 million daily active users. Initially, Roblox had a user base of several hundred people. You could almost compare Roblox to Alphabet’s ( NASDAQ: GOOGL) Youtube, which relies heavily on independent content creators. The company has massive success today because it has a sticky and self-sufficient ecosystem. Unlike Electronic Arts ( NASDAQ: EA) and Take-Two Interactive Software ( NASDAQ: TTWO), Roblox users create games and play games created by other users.
At such a valuation, Roblox shares could price at $45 apiece when they come to the market.
The deal gave Roblox a $29.5 billion valuation.
As you may or may not know, Roblox raised $520 million from investors in a private funding round.
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