![]() What is most interesting about this growth is the expansion of Roblox’s user demographic. Despite the high valuation, we established an initial stock-only position in the fund at an average price of $65.11 on it’s direct listing, and have added some long term call options since then.Īs of July 2021, Roblox has over 46.6 million daily active users (DAUs) worldwide, up 28% from last July and up sequentially from 43.3 million users in June 2021. On its first day of trading, RBLX shot up 54.4% and closed at $69.50. The Roblox direct listing took place on March 10th, 2021 at a share price of $64.50, a $35.5B market cap. The majority of these games and experiences are produced by minors and a total of 20 million are produced per year through Roblox Studio. ![]() Users are also able to create purchasable content, known as “game passes,” as well as microtransactions that can be purchased more than once, known as “developer products.” The revenue generated is split between the developer and Roblox Corporation, with 70% going to Roblox Corp and 30% going to the developer. These are coded under an object-oriented programming system that essentially enables developers to manipulate the environment of the game or experience. Roblox allows anyone to create their own virtual games and experiences using its proprietary engine, Roblox Studio, which can then be played by other users. Roblox is an online platform for games and social experiences and game/experience creation system developed by Roblox Corporation.
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