The company’s revenue generation literally exploded in 20 and it ended up reporting revenues of $569 million, $509 million, $454 million, and $387 million in the past four quarters of 2021. Previously, Roblox’s revenue was nowhere close to what it has been generating these days post the pandemic. Roblox has also partnered with Nike (NYSE: NKE) to set up a virtual showroom called Nikeland and with the NFL to create a metaverse experience for football fans.īesides, Roblox is expanding internationally as well and already has its footprints across 180 countries. For that, it has entered into multiple partnerships over time with big brands like Kering's Gucci to launch Gucci Garden theme rooms. Moreover, the company’s long-term growth is highly dependent on the expansion of its metaverse ecosystem. Notably, Roblox has ended the last quarter of 2021 with a whopping 49.5 million average daily active users. Its two-sided network enables effective communication amongst users, content creators and brands thereby letting the company efficiently operate one of the world's most successful metaverses. Roblox enjoys a first-mover advantage in the multi-billion metaverse industry, allowing it to gradually capture a greater market share. The global metaverse market was valued at $107 billion in 2020 and might surpass $750 billion by 2026, indicating a compound annual growth rate of 37.1%. Metaverse is touted as the future and many gaming, as well as big tech companies, are trying to bloom on this platform. Roblox stock is down 50% in 2022 and 62% below all-time highs. However, since the end of last year due to reasons like inflation, rising interest rates, and others, the stock has been experiencing a steep fall in its valuation and has lost more than half of its market cap since its IPO. The stock rose to fame during the pandemic and is still considered hot because of its play on the emerging metaverse. Roblox Corporation (NYSE: RBLX) is an America-based video game developing company that serves customers across the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally.
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