Roblox jumps to $38 billion market cap as public investors get their first crack at the popular kids game app

  • 📰 CNBC
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

.MeganPlays says that Roblox is a primary asset to her brand because of the flexibility it offers. 'It's literally turning 15 year-olds into millionaires,' the content creator says.

debuted and underpriced their shares, leading to a huge discount for new investors. Roblox opted to go the direct listing route and raised a smaller funding round in January to minimize dilution.after the SEC scrutinized the way it recognizes revenue from sales of Robux, its digital currency.

Roblox is a particularly difficult company to value because there's no telling what will happen when schools reopen and kids return to playing with their real-life friends. The company has been, such as virtual concerts, meetups and educational experiences, but it's still primarily reliant on kids using their parents' money.

"Roblox has been growing for 15 years, driven by our community, driven by the awesome content, driven by our creators, and driven by our ability for people to do things together. That's a long-term growth path, and we believe that continues forward, even after Covid," Roblox CEO David Baszucki told CNBC's "Roblox is forecasting rapid growth in 2021, albeit at a much slower clip than last year. Revenue is expected to climb between 56% and 64% to between $1.

"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions," Michael Guthrie, Roblox's finance chief, said in the guidance statement. "As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020, however, we believe we will see absolute growth in most of our core metrics for the full year.

At its opening price on Wednesday, Roblox is valued at about 29 times revenue for 2021, based on the midpoint of its guidance. That's slightly above software developer

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MeganPlays WHAT OMG

MeganPlays Omgg

Roblox_RTC MeganPlays Ya this is why so many devs are piss off It because they dont get any attention just be left in the dust

MeganPlays wow! megan your on cnbc!!

MeganPlays Yes Megan you go girl 🔥

MeganPlays OMG IS A NEWS WITH MEGAN! :O

Roblox_RTC MeganPlays not a fan of megans content but she is really well spoken in interviews. fair play.

MeganPlays Super proud of my favorite youtuber!!! 👏🥳

MeganPlays OMG MEGAN ON TV WHAT?

MeganPlays I love you Megan

Roblox_RTC MeganPlays *stonks*

MeganPlays Hope you are ok?

MeganPlays oh shit she made it to the news

MeganPlays Wow 😯

MeganPlays Lol

MeganPlays Omg Are Freaking Kidding Me

MeganPlays OMG MEGAN!!

MeganPlays Megans eyeliner is iconic!!

Roblox_RTC MeganPlays /e dance 2 on em bois and girls roblox community do be getting some good stuff

MeganPlays the funny thing here is that she is endorsed by the company despite her content being mostly about dating. (online dating is againt roblox tos)

MeganPlays I’m the 1,331 like

MeganPlays da fuk is a roblox

MeganPlays WHA— CONGRATS MEGAN

MeganPlays Megan is now a pro.. at reaporting

MeganPlays omg chizled is going to be editing Meganplays not kreekcraft having a shower if ninja underwares with buff really buff abs

MeganPlays WOW CONGRATS

MeganPlays I've been playing roblox since 2008 and I can tell you with maximum confidence that roblox is a shitty kids game that's already dying and is over hyped as a 'meme stock', the only people who still play are little kids overseas who are just getting internet for the first time

MeganPlays DerpyDraws Why did you put Roblox on my timeline?

MeganPlays CONGRATS MEGAN!!!! WE LOVE YOU 🍑🤍

MeganPlays CONGRAUTLATIONNSS MEGAN!!! QUEEEN UwU

MeganPlays CONGRATS!!!!!! YOU DESERVE IT!

MeganPlays :O

MeganPlays I am 13

MeganPlays I'm surprised CNBC News is doing something about ROBLOX.

MeganPlays YESS MEGAN CONGRATSSSSS! PEACHYSQUAD

MeganPlays Congrats MeganPlays 🥳🥳🥳

MeganPlays MegaN WHAT Congratulations!!

Roblox_RTC MeganPlays I can tell he is trying to fish for anything bad about Roblox XD we know how yall are so stop trying we may be mostly kids but we are smarter than that XD

MeganPlays Common megan plays W

MeganPlays MEGAN OMG

MeganPlays Twitter Can you put a blue check on the real Meganplays? There are several and none are verified? Please assist.

Roblox_RTC MeganPlays it's not true I'm that age and create a game and I'm not a millionaire is fake

Roblox_RTC MeganPlays why did I watch that

MeganPlays Yass sister

ii_z4raa MeganPlays i want money ;w;

Roblox_RTC MeganPlays Uh!!!!!!! Megaplays in news

MeganPlays I am walking proof of Roblox making me a millionaire

MeganPlays MEGAN.

CandicePlayz MeganPlays OMG MEGAN-

MeganPlays MEGAN :O

MeganPlays MEGAN OMG

MeganPlays Why Megan? LeahAshe is the best tho :(

Roblox_RTC MeganPlays I like how she said 15, because that's my age. But anyways, yes Roblox provides so many opportunities to get wealth and fame of it's website. But what's more enjoyable is spending time with friend/family and playing amazingly made games on the platform!

Roblox_RTC MeganPlays OMG MEGAN CONGRATS? CNBC THATS BIG CONGRATS AAAA

MeganPlays SEES.

Roblox_RTC MeganPlays Omg megan you didn't tell us

MeganPlays MEGAN MEGSN MEGANNNNNN

MeganPlays layanight1

MeganPlays OMG WHAT

MeganPlays im so happy for her OMG Megan

RoyaleDemi MeganPlays MEGAN

MeganPlays YES MEGAN! YOU GO GIRLLLLL!

MeganPlays Why did your tone of voice change?

MeganPlays looks good, I have nothing agains unless its a centralised entity

MeganPlays I'm an adult in uk and I love playing roblox I've been part of peachy squad and wear Megan's merch in roblox for a couple of years now. She is awesome.

MeganPlays Well done!

MeganPlays O.o

MeganPlays 💗 you did amazing Megan!

MeganPlays Oo I love this, Roblox in general is nice even if it’s just to meet new people

MeganPlays can you invest in roblox?

MeganPlays Im actually 12 yrs old and i always play roblox.. sometimes i cant even notice what the time is.. and i cant geel it if im hungryy and idk why i think its my addiction of roblox..😂❤ When i check the time;👁👄👁

MeganPlays As my kids would say “cringy”

MeganPlays Am i the only one eho heard a fart

MeganPlays This is so awesome congrats girl!!

MeganPlays What does Megan herself actually think of this whole interview

MeganPlays 😊

MeganPlays SO proud of Megan!! Been part of the peachy squad for almost 2 years now!

MeganPlays I love you Megan o(〃^▽^〃)o U are the best YouTuber iv ever met 😘

MeganPlays We love you Megan! 💕

MeganPlays She is cute and stunning!!

MeganPlays I LOVE YOU!! so very proud of you Megan! 💗💕

MeganPlays Hey megan stay peachy staypeachy

MeganPlays Megan is my moms name its her b-day today

MeganPlays Cool

MeganPlays :)

MeganPlays RECAP \\ Covids \\ WITH FORETOLD VARIANT { WAVE 2 } BEFORE IT EVER HAPPEN . ! ! ! ! ' G O D D E I T Y 'ClickOn Covid 1 9 Page 1 8 FACT { COVID-1 9 } FACT PAGE C-19 CORONAVIRUS 1 9 Page1 A Click On } RECAP \\ Covids \\ Variants \\ & REPENTANCE Page C - 19 A

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines