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.

Roblox stocks going public