She was most recently the president of international at Sony Corp. 30, Roblox lost US$203 million on revenue of US$589 million, compared with a loss of US$46 million on revenue of US$350 million for the same period last year, according to the filing.įounded in 2004, Roblox added media executive Andrea Wong to its board last month. Roblox was valued at US$4 billion in a US$150 million funding round in February that was led by venture capital firm Andreessen Horowitz.įor the nine months ended Sept. The amount of time those users spent engaged on the platform more than doubled to 22 billion hours, the company said. The company had 31 million daily active users during the first nine months of the year, up 82 per cent from the same period in 2019, according to the filing. Roblox hosts millions of games that are built by its users, who then get a share of any related revenue. The company will disclose plans for the size and price range for the share sale in a later filing. Securities and Exchange Commission listed the size of the offering as US$1 billion, a placeholder that will likely change. The San Mateo, California-based company in its filing Thursday with the U.S. filed for an initial public offering, disclosing mounting losses and revenue gains. The company's losses widened, however, to $203.2 million in the first nine months of this year from $46.3 million in the year-ago period.Online video game platform Roblox Corp. Revenue grew 68% to $588.7 million in the same timespan, Roblox said. 30, from 17.1 million in year-ago period. The San Mateo, Calif., company said its daily active users rose 82% to 31.1 million in the nine months ended Sept. Roblox said it had "experienced rapid growth" in recent quarters as its users have been more online due to COVID-19-related shelter-in-place policies. The company filed to sell $1 billion in shares. Roblox said in its prospectus it plans to list its shares on the New York Stock Exchange under the symbol RBLX. The company, a videogame platform popular with young children and preteens, disclosed last month it had submitted confidential paperwork with the Securities and Exchange Commission. has filed for an initial public offering, according to a securities filing late Thursday.
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