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The free-to-play game-creation platform Roblox is a name that may not mean a lot to some gamers, but if you've got kids of a certain age, you're sure to have heard about it (and prised those same kids off of it, at dinner time). Roblox was properly launched way back in 2006, but has steadily grown on the quiet, and really exploded in popularity in the last 12 months. Yes, indeed, it's made the most of our pandemic-affected times.
At the end of its first day of trading, shares in Roblox Corporation had hit almost $70 apiece - which adds up to a valuation of 45 billion dollars. And to put that into some perspective, Kotaku's compared the valuation to that of another recently acquired publisher, Bethesda, which was bought by Microsoft for 7.5 billion dollars.
A quick bit of maths later - yes, maths, not math, we're British here, sheesh - and that means the makers of Roblox are worth six times what Bethesda is. Seven and a half goes six times exactly into 45 - come on, this is basic stuff. And yes, that's the same Bethesda with IPs like The Elder Scrolls, DOOM, Wolfenstein, Dishonored, and Fallout. The same Bethesda that's currently working on the sixth Elder Scrolls game, Starfield, and is bringing a heap of games to Xbox Game Pass today while promising future exclusives for the console (family).
As well as making your own games in Roblox, you can also play ones made by other users - and right now, it has over 150 million players, of whom over 36 million play daily. That adds up to a lot of games for users to have some fun with. In 2020, revenue for Roblox was around $920 million, so its arrival on the Stock Market just means more money on top of what's already a lot of money.
Bloomberg adds that Roblox Corporation shares opened at $64.60 and closed at $69.50, and then with other factors considered, the "fully diluted" value is about the $45 billion mark. Yikes. The site quotes Neil Rimer, partner at Index Ventures, a capital ventures firm that's invested in Roblox Corp shares:
"It's really a once-in-a-decade company ... Great companies continue to grow in value, [and] the growth [in Roblox] was there before [the pandemic], and the growth will be there after."
After the pandemic. What a concept.
Featured Image Credit: Roblox Corporation
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