Popular gaming company, Roblox, files for IPO

Revenue has shot up but losses widened too


Alfred Lee

23 Nov, 2020

Popular gaming company, Roblox, files for IPO | BEAMSTART News

Roblox, the gaming company that's hugely popular among children, has filed to go public.

The company operates a global platform where millions of people gather together to imagine, create, and share experiences with each other in user-generated 3D worlds. 

As worlds are user-generated, there is virtually an unlimited number of gameplay possibilities on Roblox.

Roblox CEO, David Baszucki.

Roblox's third-quarter earnings climbed by 91% during the pandemic, eclipsing $242.2 million in revenues.

Despite revenue growth, the company's losses doubled to $48 million.

Just 2 months ago, gaming company Unity went public, with Airbnb, DoorDash, and online lender Affirm filing for IPO just last week.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Chief of Staff

PrimeVault

Full Time

USD 15000 — USD 24000 yearly

Sales Development Representative

Juniper

Full Time

USD 60000 — USD 80000 yearly

Founding Backend Engineer

Remo

Full Time

USD 100000 — USD 124000 yearly

Battery Modelling Intern

Coulomb AI

Internship

USD 10000 — USD 20000 yearly

Technical Recruiter

Mintlify

Full Time

USD 100000 — USD 130000 yearly

Sales Development Representative

Two Dots

Full Time

USD 70000 — USD 80000 yearly

Part-time Software Intern

Silimate

Internship

USD 30 — USD 45 yearly

Fullstack Software Engineer III, Map

Flock Safety

Full Time

USD 125000 — USD 170000 yearly

Technical Project Manager

BLISSWAY

Full Time

USD 110000 — USD 180000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).