Roblox reported revenue of $923.9 million and a loss of $257.7 million in 2020, compared with revenue of $508.4 million in revenue and a loss of $71 million in 2019, and revenue of $325 million and a loss of $88.1 million in 2018.
Read: Roblox is going public: 5 things to know about the tween-centric gaming platform The company pivoted to plans for a direct listing from a planned IPO back in January after getting a fresh venture-capital infusion of $520 million that valued the company at $29.5 billion. The public debut of Roblox has been anticipated since word of an IPO began circulating in October. In its latest filing, Roblox said nearly 199 million Class A shares had been registered for resale, for a total of about 388.2 million available shares. In a direct listing, current stakeholders convert their ownership into stock based on trading prices in private markets. Sidestepping the initial public offering route, the the tween-centric gaming platform decided to go public through a direct listing, which differs from an IPO in that shares are not backed by underwriters.
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