Business Overview
There was a ripple in the universe last week as Roblox (RBLX) filed its S-1 to go public. Roblox is widely viewed as one of the key beneficiaries of COVID-19 as lock-down orders, school shut-downs, and parents dealing with their young children 7 days a week permeated the world. The data supports this as Daily Active Users (DAU) doubled on a YoY basis in a short timeframe.
Sources: Company reports and Twitter
One key fact to put this in perspective is, in July 2019, Roblox claimed that 50% of American children aged 9 to 12 play on the platform (How Roblox avoided the gaming graveyard and grew into a $2.5B company), but, now, 75% of American children aged 9 to 12 play on the platform. (Gamers are logging millions of hours a day on Roblox). But this isn’t limited to just Roblox as 50% of 9-to-12-year-olds in the US, Canada, New Zealand, and Australia play either…
