![]() Rather, it’s a platform with millions of user-generated games. The company has taken the gaming world by storm in large part because it isn’t just one game, per se. Roblox takes a cut of the Robux revenue and shares the rest with game developers. The more Roblox users there are, the more money the company generates from the sale of its virtual currency Robux, which can be used for in-game purchases. Roblox said Monday that this figure rose to 43.2 million as of the end of the second quarter. Roblox now has a market value of about $45 billion, making it worth more than traditional video game giant Electronic ArtsĪs of May, the company said it had 43 million daily active users, up 28% from a year ago. The stock is up nearly 20% from its first-day closing price. Still, shares of Roblox are up about 80% from their debut price when they began trading in March through a direct listing. The stock was flat after hours following a 5% drop in regular trading. The company’s second-quarter revenue missed forecasts. Roblox, the gaming platform that’s super popular with young kids (and investors), released financial results Monday afternoon. If you’ve ever tried to separate a Roblox-playing tween from their smartphone, you know how addictive the game can be. ![]()
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