Roblox Corp, (NYSE:RBLX) develops and operates an online entertainment platform. It offers Roblox Client, an application that allows users to explore 3D digital worlds; and Roblox Studio, a toolset that allows developers and creators to build, publish, and operate 3D experiences and other content. The company also provides Roblox Cloud, a solution that provides services and infrastructure to power the human co-experience platform. It serves customers in the United States, Canada, Europe, the Asia-Pacific, and internationally. Roblox Corporation was incorporated in 2004 and is based in San Mateo, California.
Roblox goes IPO on March 10, 2021. Its stock opens more than 40% higher than its IPO price of $45. Roblox expects full-year revenue in 2021 will jump 60% year over year to nearly $1.5 billion. The company is expanding internationally and is targeting older age demographics. Roblox has 32.6 million daily active users. The company’s user engagement is more than 30.5 million hours of attentive eyeballs.
Therefore, this stock can become the next best investment if investors believe that this popular online gaming platform will grow year over year.