About: http://data.cimple.eu/news-article/2828bef2851e37291275172731a7adcf40af7776dc147d9519e39a6e

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About: http://data.cimple.eu/news-article/2828bef2851e37291275172731a7adcf40af7776dc147d9519e39a6e Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Popular gaming platform Roblox, a pandemic sensation among children, is aiming to raise $1 billion in an initial public offering, according to documents published Thursday. The online phenomenon, which allows users to create their own immersive 3D games, reported revenue of $589 million for the nine months to September and an operating cash flow of $345 million. According to the IPO filing, the California-based company is not yet profitable, reporting a net loss of $203.2 million in the nine months ending in September. The size of the offering was listed at $1 billion, though that will likely change, according to Bloomberg. Roblox is a massive hit among seven to 13-year-olds, who can use the platform to play games across a range of devices and systems including iOS, Android, PC, Mac, and Xbox. Developers get a share of any related revenue. Videogaming has exploded since the start of coronavirus crisis as millions of people have been forced to stay at home. According to the filing, daily active users of Roblox almost doubled from 12 million in 2018 to 17.6 million in 2019. That number grew 82 percent from 17.1 million in the nine months to the end of September 2019 to 31.1 million in the same period this year. The pandemic has seen shares soar for tech companies such as video-meeting platform Zoom, while Big Tech powerhouses have reported robust earnings. bur-je/leg/axn
schema:headline	Tween gaming sensation Roblox to go public: filing
schema:mentions	Zoom Video Communications Roblox IOS Xbox Personal computer Initial public offering Big Four tech companies Bloomberg L.P. Google Play 3D computer graphics Internet meme Pandemic Operating cash flow AXN
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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