Roblox Corp
Company Profile
Business description
Roblox operates an online video game platform with 80 million daily active users that lets young gamers create, develop, and monetize games (or “experiences”) for other players. The firm offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning $3.5 billion in bookings in 2023 through in-game purchases and advertising while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers than creating new games or franchises.
Contact
970 Park Place
San MateoCA94403
USAT: +1 888 858-2569
Sector
Communication Services
Stock type
Sensitive
Industry
Electronic Gaming & Multimedia
Fiscal Year End
31 December 2024
Employees
2,457
Morningstar Investment Ideas
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