In Roblox's case, by the way, "bookings" refers to customers' purchases of "Robux" virtual currency. Shares of the gaming platform now cost just 9.3 times next year's "bookings," when - in Crum's estimation - a valuation of 18x 2023 bookings would be more appropriate. ![]() Despite a "longer-term fundamental outlook is generally unchanged" since the IPO, Roblox's share price has now changed quite a bit. Today, as we celebrate our direct listing on the New York Stock Exchange, we recognize the potential ahead of us: to build the platform where billions of people come together to learn, work, and play.In a recent research note, Stifel analyst Drew Crum made the argument that investors' "rotation out of tech/growth/high valuation names" has created an attractive entry point into Roblox shares. In a statement, Baszucki said, "In 2004, we founded Roblox with the vision of connecting the world. That places the company's valuation higher than EA, which has numerous sports franchises including Madden NFL and FIFA under its umbrella, as well as Take-Two, the parent company of Grand Theft Auto developer Rockstar Games.įounder David Baszucki was on-hand in New York to ring the opening bell to mark the start of trading for Roblox, which will trade under RBLX. The Wall Street Journal reports that Roblox ended its first day of trading with a market valuation of over $45 billion dollars. ![]() It's a big day for Roblox Corp., the company behind the hit game Roblox, as the game's owner is now listed on the New York Stock Exchange as part of a business move that marks the next stage in the developer's growth.
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