Roblox Corporation
American video game developer and platform company creating user-generated games and virtual experiences, particularly popular with younger audiences.
Company Type
public
Founded
2004
Headquarters
San Mateo, California, USA
Stock
NYSE: RBLX
About Roblox Corporation
What does Roblox do?
Roblox operates an online platform where users create, share, and play user-generated games and interactive experiences. The platform uses Robux, a virtual currency, for in-experience purchases. Roblox Studio allows developers to build experiences, and the Developer Exchange program allows developers to convert earned Robux to real currency.
Roblox operates an online platform where users create, share, and play user-generated games and interactive experiences. The platform uses Robux, a virtual currency, for in-experience purchases. Roblox Studio allows developers to build experiences, and the Developer Exchange program allows developers to convert earned Robux to real currency.
Is Roblox publicly traded?
Yes, Roblox Corporation trades on the New York Stock Exchange under ticker symbol RBLX. The company went public through a direct listing in March 2021. The company has a dual-class share structure that gives co-founder David Baszucki significant voting control.
Yes, Roblox Corporation trades on the New York Stock Exchange under ticker symbol RBLX. The company went public through a direct listing in March 2021. The company has a dual-class share structure that gives co-founder David Baszucki significant voting control.
What is Roblox's annual revenue?
In FY2024, Roblox reported revenue of approximately $3.6 billion, up 29% year-over-year, with bookings of approximately $4.4 billion. The platform had 85.3 million daily active users and users spent 18.7 billion hours engaged on the platform.
In FY2024, Roblox reported revenue of approximately $3.6 billion, up 29% year-over-year, with bookings of approximately $4.4 billion. The platform had 85.3 million daily active users and users spent 18.7 billion hours engaged on the platform.
Who founded Roblox?
Roblox Corporation was founded in 2004 by David Baszucki and Erik Cassel. Baszucki had previously co-founded Knowledge Revolution, which developed educational physics simulation software. Cassel passed away in 2013 after a battle with cancer. Baszucki continues to serve as President and CEO.
Roblox Corporation was founded in 2004 by David Baszucki and Erik Cassel. Baszucki had previously co-founded Knowledge Revolution, which developed educational physics simulation software. Cassel passed away in 2013 after a battle with cancer. Baszucki continues to serve as President and CEO.
What is Robux?
Robux is the virtual currency used within the Roblox platform. Users purchase Robux with real money and spend them on virtual items, avatar accessories, game passes, and other in-experience purchases. Developers who create popular experiences earn Robux, which they can convert to real currency through Roblox's Developer Exchange program.
Robux is the virtual currency used within the Roblox platform. Users purchase Robux with real money and spend them on virtual items, avatar accessories, game passes, and other in-experience purchases. Developers who create popular experiences earn Robux, which they can convert to real currency through Roblox's Developer Exchange program.
How old are Roblox's users?
The majority of Roblox's user base is under 17 years old, with the platform particularly popular among children aged 8-14. Roblox has been investing in features to attract and retain older users, including enhanced graphics, voice chat, and more sophisticated game experiences.
The majority of Roblox's user base is under 17 years old, with the platform particularly popular among children aged 8-14. Roblox has been investing in features to attract and retain older users, including enhanced graphics, voice chat, and more sophisticated game experiences.
History of Roblox Corporation
Roblox Corporation was founded in 2004 by David Baszucki and Erik Cassel. Baszucki had previously co-founded Knowledge Revolution, which developed Interactive Physics, an educational physics simulation software that allowed students to build and simulate physical systems. The experience of building a platform where users could create and share simulations informed the concept for Roblox.
Baszucki and Cassel began developing Roblox in 2003 and launched the platform in beta in 2004. The Roblox platform officially launched publicly in 2006, initially as a PC-based platform where users could create games using Roblox Studio and share them with other players. The platform's early growth was slow but steady, building a community of young creators and players who were drawn to the ability to build and share their own games.
Roblox expanded to mobile devices in 2012, launching apps for iOS and Android. The mobile expansion dramatically increased the platform's accessibility and accelerated user growth. The platform's popularity grew through the mid-2010s, particularly among children aged 8-14 who were attracted to its user-generated content, social features, and the ability to play games created by other users.
Tragically, co-founder Erik Cassel passed away in February 2013 after a battle with cancer. Baszucki continued leading the company and dedicated the platform's ongoing development to Cassel's memory.
Roblox experienced explosive growth during the COVID-19 pandemic in 2020, as school closures and social distancing drove children and teenagers to online platforms for entertainment and social connection. Daily active users grew from approximately 17 million in 2019 to approximately 32 million in 2020, and the platform became a cultural phenomenon among younger generations.
The company went public through a direct listing on the NYSE in March 2021, valuing Roblox at approximately $45 billion at the time of listing. The direct listing (rather than a traditional IPO) allowed existing shareholders to sell shares directly to the public without the company raising new capital. The high valuation reflected investor enthusiasm for the metaverse concept and Roblox's dominant position in user-generated gaming.
Following the IPO, Roblox continued to invest in platform capabilities including voice chat (launched in 2021), improved avatar systems, and enhanced graphics. The company also expanded its developer monetization tools and launched the Roblox Partner Program to work with brands on immersive advertising experiences.
In FY2024, Roblox reported strong growth with 85.3 million DAUs and approximately $3.6 billion in revenue, demonstrating continued platform momentum despite the post-pandemic normalization of online entertainment consumption.
Brands Owned by Roblox Corporation
Roblox Corporation owns 0 brands in our database.
Stock Information
Roblox Corporation Ownership: Pros & Cons
Advantages
- +FY2024 revenue of approximately $3.6 billion, up 29% year-over-year, with 85.3 million DAUs and 18.7 billion hours engaged
- +Dominant position in user-generated gaming with a massive library of experiences created by millions of developers
- +Strong creator economy with approximately $923 million paid to developers in FY2024
- +Platform's social features create strong engagement and retention among younger users
- +Expanding advertising business provides a growing revenue stream beyond virtual currency sales
Considerations
- -Platform is heavily dependent on younger users, creating regulatory risk related to children's online safety and monetization
- -Roblox has reported significant net losses as it invests in platform development and creator payouts
- -Competition from Minecraft, Fortnite, and other gaming platforms for younger users' time and spending
- -Content moderation challenges at scale create ongoing reputational and regulatory risk
- -Dual-class share structure concentrates voting control with CEO David Baszucki
Frequently Asked Questions About Roblox Corporation
What does Roblox do?
Roblox operates an online platform where users create, share, and play user-generated games and interactive experiences. The platform uses Robux, a virtual currency, for in-experience purchases. Roblox Studio allows developers to build experiences, and the Developer Exchange program allows developers to convert earned Robux to real currency.
Is Roblox publicly traded?
Yes, Roblox Corporation trades on the New York Stock Exchange under ticker symbol RBLX. The company went public through a direct listing in March 2021. The company has a dual-class share structure that gives co-founder David Baszucki significant voting control.
What is Roblox's annual revenue?
In FY2024, Roblox reported revenue of approximately $3.6 billion, up 29% year-over-year, with bookings of approximately $4.4 billion. The platform had 85.3 million daily active users and users spent 18.7 billion hours engaged on the platform.
Who founded Roblox?
Roblox Corporation was founded in 2004 by David Baszucki and Erik Cassel. Baszucki had previously co-founded Knowledge Revolution, which developed educational physics simulation software. Cassel passed away in 2013 after a battle with cancer. Baszucki continues to serve as President and CEO.
What is Robux?
Robux is the virtual currency used within the Roblox platform. Users purchase Robux with real money and spend them on virtual items, avatar accessories, game passes, and other in-experience purchases. Developers who create popular experiences earn Robux, which they can convert to real currency through Roblox's Developer Exchange program.
How old are Roblox's users?
The majority of Roblox's user base is under 17 years old, with the platform particularly popular among children aged 8-14. Roblox has been investing in features to attract and retain older users, including enhanced graphics, voice chat, and more sophisticated game experiences.
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