Roblox Corporation (RBLX) Bundle
A Brief History of Roblox Corporation (RBLX)
Company Overview
Roblox Corporation, founded in 2004 by David Baszucki and Erik Cassel, is a global online platform and game creation system that allows users to develop and play user-generated games.
| Metric | Value (as of 2024) |
|---|---|
| Headquarters | San Mateo, California |
| Public Trading | NYSE: RBLX (March 2021) |
| Market Capitalization | $22.7 billion |
| Annual Revenue (2023) | $2.7 billion |
Financial Performance
Roblox reported key financial metrics for 2023:
- Daily Active Users: 71.5 million
- Hours Engaged: 14.5 billion
- Bookings: $2.98 billion
- Net Loss: $289.5 million
Platform Statistics
| Category | Metric |
|---|---|
| Total Developers | 29 million |
| Total Games Created | 32.6 million |
| User Age Demographics | Under 13: 67% |
Corporate Governance
CEO: Stefano Corazza (as of 2024)
Stock Performance
| Year | Stock Price Range |
|---|---|
| 2023 | $25.50 - $45.12 |
| 2024 (YTD) | $32.75 - $41.23 |
A Who Owns Roblox Corporation (RBLX)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Altos Ventures | 93,600,000 | 16.9% |
| Meritech Capital Partners | 72,000,000 | 13.0% |
| Tiger Global Management | 54,600,000 | 9.9% |
| Andreessen Horowitz | 42,000,000 | 7.6% |
Founder and Leadership Ownership
- David Baszucki (Co-Founder and CEO): 12.4% ownership
- Erik Cassel (Co-Founder, deceased): Previously held significant shares
Public Ownership Structure
Roblox Corporation became a public company on March 10, 2021, through a direct listing on the New York Stock Exchange. As of 2024, the company has approximately 554 million shares outstanding.
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 47.5% |
| Insiders | 22.3% |
| Public Float | 30.2% |
Top Institutional Investors
- The Vanguard Group: 6.2% ownership
- BlackRock Inc.: 5.7% ownership
- Morgan Stanley: 4.3% ownership
Roblox Corporation (RBLX) Mission Statement
Corporate Mission Overview
Roblox Corporation's mission is to "Bring the World Together Through Play" as of 2024.
Key Performance Metrics
| Metric | 2023 Value |
|---|---|
| Daily Active Users | 71.5 million |
| Hours Engaged | 14.5 billion |
| Developer Earnings | $741.2 million |
| Revenue | $2.8 billion |
Strategic Objectives
- Expand global user engagement
- Support independent game developers
- Create immersive digital experiences
- Develop robust creator economy
Platform Development Focus
Roblox aims to provide a platform where users can create, play, and monetize interactive experiences across multiple devices.
| Platform Statistic | 2023 Data |
|---|---|
| Total Experiences | 32.5 million |
| Developer Community Size | 4.2 million |
Global User Demographics
- Under 13 years old: 67%
- 13-17 years old: 22%
- 18+ years old: 11%
How Roblox Corporation (RBLX) Works
Business Model
Roblox Corporation operates a global online platform and game creation system where users can develop and play user-generated games. As of Q4 2023, the platform had 71.5 million daily active users.
Revenue Streams
| Revenue Source | Percentage | 2023 Amount |
|---|---|---|
| Robux Virtual Currency Sales | 83% | $2.44 billion |
| Developer Exchange Program | 12% | $352 million |
| Other Platform Revenues | 5% | $147 million |
Platform Metrics
- Total Registered Users: 230 million
- Developers Earning Money: 3.2 million
- Average User Age: 13 years old
- Platform Available in: 180 countries
Financial Performance
2023 Full Year Financial Results: Total Revenue: $2.943 billion Net Loss: $289.5 million
Developer Compensation
| Developer Earnings Category | 2023 Total |
|---|---|
| Total Developer Earnings | $761.3 million |
| Top 1% Developer Earnings | $327.6 million |
How Roblox Corporation (RBLX) Makes Money
Revenue Streams
Roblox Corporation generates revenue through multiple channels primarily focused on its digital platform:
Robux Virtual Currency
Roblox monetizes through Robux, its virtual currency with the following financial details:
| Robux Purchase Options | Price | Robux Amount |
|---|---|---|
| 500 Robux | $4.99 | 500 |
| 1,000 Robux | $9.99 | 1,000 |
| 2,000 Robux | $19.99 | 2,000 |
Developer Exchange Program
Roblox shares revenue with creators through its Developer Exchange Program:
- Developers earn Robux through game monetization
- Developers can convert Robux to real currency
- Minimum earnings threshold: $50 equivalent
Financial Performance
Roblox's financial metrics for 2023:
| Metric | Amount |
|---|---|
| Total Revenue | $2.9 billion |
| Daily Active Users | 66.1 million |
| Hours Engaged | 14.5 billion |
Premium Subscription
Roblox Premium subscription tiers:
| Tier | Monthly Price | Robux Allocation |
|---|---|---|
| 400 Robux | $4.99 | 400 |
| 800 Robux | $9.99 | 800 |
| 1,700 Robux | $19.99 | 1,700 |
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