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Though Roblox's stock recently rallied after its most recent financial results suggested progress on cost controls and user growth, its shares remain about 40% below their 2021 IPO levels amid ...
Roblox Corporation ( / ˈroʊblɒks / ROH-bloks) is an American video game developer based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company is the developer of Roblox, which was released in 2006. As of December 31, 2023, the company employs over 2,400 people. [1]
The company, which caters to a younger demographic with its virtual-world gaming platform, reported a loss of $297.8 million, or 50 cents per share, when analysts had forecast a loss of 32 cents a ...
David Baszucki ( / bəˈzuːki /; born January 20, 1963), also known by his Roblox username david.baszucki, formerly builderman, is a Canadian-born American entrepreneur, engineer, and software developer. He is best known as the co-founder and CEO of Roblox Corporation. He previously co-founded and served as the CEO of Knowledge Revolution ...
Pitz recently lowered his price target for Roblox by $1 and maintained an outperform rating. The new target, $56 per share, suggests that the stock can soar by about 81% over the next 12 months.
Landing amid a pandemic-driven explosion of growth in the $180 billion video game industry, Roblox’s initial shares began trading at $64.50 and closed the day at over $69. Roblox is a unique beast.
Though investors are more concerned with bookings, Roblox revenue was also up 2% year-over-year to $579.0 million in Q4, and up 16% year-over-year to $2.2 billion in 2022. Also helping boost the ...
Roblox is now one of the world’s most valuable private companies in the world after a monster Series H raise brings the social gaming platform a stratospheric $29.5 billion valuation. The ...