| Market Capitalization (Millions $) |
32,842 |
| Shares
Outstanding (Millions) |
717 |
| Employees |
3,065 |
| Revenues (TTM) (Millions $) |
5,639 |
| Net Income (TTM) (Millions $) |
-1,008 |
| Cash Flow (TTM) (Millions $) |
194 |
| Capital Exp. (TTM) (Millions $) |
461 |
Business Description
Our goal is to bring optimism and decency to a billion people. Were developing a platform for human co-experiences that will improve the way people connect, create, and express themselves through shared experiences. Were always working to improve how the Roblox Platform, or our Platform, supports shared experiences, from how theyre created by a passionate community of developers to how theyre enjoyed and safely accessed by people all over the world.
The Roblox Platform has a number of key characteristics:
Identity. All users have unique identities in the form of avatars that allow them to express themselves as whoever or whatever they want to be. These avatars are portable across experiences.
Friends. Users interact with friends, some of whom they know in the real world and others who they meet on Roblox.
Immersive. The experiences on Roblox are 3D and immersive. As we continue to improve the Roblox Platform, these experiences will become increasingly engaging and indistinguishable from the real world.
Anywhere. Users, developers and creators on Roblox are from all over the world, including North America, Europe, South America, Asia, Australia and Africa. In 2019, we entered into a joint venture agreement with Songhua River Investment Limited, or Songhua, an affiliate of Tencent, to operate a Chinese version of the Roblox Platform. Tencent was granted a license to operate and publish the Chinese version of the Roblox Client under the name 'Luobulesi' in December 2020. Currently, Luobulesi is not being offered to users in China. As of December 31, 2021, the Roblox Client operates on iOS, Android, PC, Mac, and Xbox, and supports VR experiences on PC using Oculus Rift and HTC Vive headsets.
Low Friction. It is simple to set up an account on Roblox, and free for users to enjoy experiences on the platform. Users can quickly traverse between and within experiences either on their own or with their friends. It is also easy for developers to build experiences and then publish them to the Roblox Cloud so that they are then accessible to users on the Roblox Client across all platforms. On behalf of the developers and creators, Roblox also provides critical services such as user acquisition, billing, collections, content moderation, translation, safety, regulatory compliance, and customer support. This makes it easier and simpler for even individual developers and creators and small studios to be successful developers and creators.
Variety of Content. Roblox is a vast and expanding universe of developer and creator-built content. There were approximately 29 million experiences on Roblox, and in the year ended December 31, 2021, over 1,900 of those experiences generated more than 1 million hours of engagement in 2021. These ranged from experiences that simulate building and operating a theme park to adopting a pet, scuba diving, creating and playing your own superhero, and more. There are also millions of creator-built virtual items, such as hats, shirts, and pants, with which users can personalize their avatars and 3D virtual items, assets and sounds that creators can incorporate in experiences. Historically, Roblox has also created virtual items with which users can personalize their avatars and these items are still available in the Avatar Marketplace. Our focus today and going forward, however, is on user-generated content.
Economy. Roblox has a vibrant economy built on a currency called Robux. Users who choose to purchase Robux can spend the currency on experiences and on items for their avatar. Developers and creators earn Robux by building engaging experiences and compelling items that users want to purchase. Roblox enables developers and creators to convert Robux back into real-world currency.
Safety. Multiple systems are integrated into the Roblox Platform to promote civility and ensure the safety of our users. These systems are designed to enforce real-world laws, and are designed to extend beyond minimum regulatory requirements.
Company Address: 3150 South Delaware Street San Mateo 94403 CA
Company Phone Number: 858-2569 Stock Exchange / Ticker: NYSE RBLX
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