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. Are These The Best Stocks To Buy This Week? 4 Tech Stocks To KnowĪ Leading Gaming Platform You Don’t Want To MissĬEO David Baszucki and Erik Cassel founded Roblox in 2004 with a vision of connecting people through immersive 3D environments.Good Stocks To Invest In Right Now? 4 Epicenter Stocks To Consider.But before rushing in to buy RBLX stock, here’s what you should know. 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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