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

Account Executive

Zitara Technologies, Inc.

San Francisco, United States

Full Time

USD 120000 — USD 160000 yearly

Enterprise Business Development Manager

Chima

San Francisco, United States

Full Time

USD 50000 — USD 200000 yearly

Founding Software Engineer (Backend)

OpenPipe

Seattle, WA, United States

Full Time

USD 150000 — USD 250000 yearly

Outbound Account Executive (Remote)

Fathom

San Francisco, United States

Full Time

USD 120000 — USD 200000 yearly

Product Manager

SmartAsset

New York, United States

Full Time

USD 99000 — USD 175000 yearly

Senior Product Designer

Moonvalley

Toronto, Canada, United States

Full Time

USD 150000 — USD 200000 yearly

Senior Full Stack Software Engineer

Turing Labs Inc.

New York, United States

Full Time

USD 125000 — USD 210000 yearly

Technical Recruiter (Contract to Hire)

Pocket Worlds

Austin, TX, United States

Full Time

Salary Undisclosed

Senior Product Designer

Community Phone Company

Boston, United States

Full Time

USD 80000 — USD 140000 yearly

Senior Product Manager

Pulley

San Francisco, United States

Full Time

Salary Undisclosed

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).