While Roblox is free to play, in-app purchases using the Roblox digital currency Robux for the more than 20 million games hosted on the platform have made the company very profitable - reported earnings in Q2 were $639.9 million. The online platform is both a gaming space and a game creation platform that enables users to develop and launch their games in Roblox Studio. Users can purchase Robux, as one-time purchases or through monthly subscriptions through mobile payments, credit cards, or prepaid cards.Launched in 2006, Roblox is the brainchild of software engineers and entrepreneurs David Baszucki and Erik Cassel. Any user can be a developer or creator on the Company’s platform using Roblox’s studio of software tools. Users are then free to immerse themselves in experiences on Roblox and can acquire experience-specific enhancements or avatar items in the Company’s avatar marketplace using the virtual currency (Robux). Upon signing up for Roblox, a user personalizes their Roblox identity, or avatar. Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media and even toys. The Company operates the Roblox Platform as live services that allow users to play and socialize with others for free. The Company operates a human co-experience platform or Roblox Platform, where users interact with each other to explore and develop, user-generated and 3D experiences. Roblox Corporation is a technology company. Other points of data to note are a P/E ratio of -, revenue per share of 3.91 and a -13.03% return on assets. The company is not paying dividends at this time. You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.
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