Through a wholly-owned subsidiary based in Shenzhen branded “Luobu,” the China JV is engaged in the development, localization and licensing to creators of a Chinese version of the Roblox Studio and also develops and oversees relations with local Chinese developers. Under the joint venture agreement, it created Roblox China Holding Corp., with a 51% ownership interest. In February 2019, Roblox entered into a joint venture agreement with an affiliate of Tencent Holdings Ltd., a leading internet company in China and one of the world’s largest gaming companies. Net loss was $203.2 million in the nine months ended September 30, 2020.$810 million cash on the balance sheet.Free cash flow was $292.6 million in the nine months ending September 30, 2020.In the nine months ended September 30, 2020, developers and creators earned $209.2 million.Revenue grew 56%, from $312.8 million in 2018 to $488.2 million in 2019, and grew 68%, from $349.9 million in the nine months ended Septemto $588.7 million in the nine months ended September 30, 2020.

Hours engaged on Roblox grew 122%, from 10 billion in the nine months ended Septemto 22.2 billion in the nine months ended September 30, 2020.36.2 million Daily Active Users (DAU) and 7 million Developers.Roblox will be listed on the NYSE under the ticker symbol “RBLX”. There has never been a better time to go public for Roblox. The revenue and free cash flow numbers are through the roof. Roblox IPO follows after gaming engine Unity went public earlier this year. The bookings at the company surged 171% amid the pandemic spending. Video Game company Roblox is going public.

Roblox valuation ipo