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Popular gaming company, Roblox, files for IPO

Revenue has shot up but losses widened too


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.

ABOUT THE AUTHOR

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Works at BEAMSTART

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Roblox

Roblox is a global platform that brings people together through play.

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