Roblox IPO: How Much Developers Make, China Joint Venture, Plus More Facts And Figures

One of the risks for Roblox is its strong user base of a younger audience. The company is working on making more content that could reach an older audience as its fans and users get older going forward.

China Joint Venture: Roblox has a joint venture with Songhu, a Tencent Holdings TCEHY affiliate, to bring Roblox to China.

The game will be branded as Luobo in China through the joint venture. Roblox will own 51% of the joint venture.

Roblox and Tencent are working on the necessary regulation to publish the game in the country with no timetable set.

Financials: Roblox had revenue of $589 million and bookings of $1.2 billion in the first nine months of 2020. Revenue grew 68% year-over-year in the first nine months of 2020.

Roblox had revenue of $488.2 million in fiscal 2019, which was up 56% year-over-year.

RBLX Price Action: The stock trades around $71 per share at publication time.

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