Roblox goes public, ends first day valued at $38bn Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Roblox goes public, ends first day valued at $38bn That's higher than EA, Take-Two and Ubisoft. News by Wesley Yin-Poole Deputy Editorial Director Updated on 11 Mar 2021 90 comments Roblox went public yesterday - and ended up with an eye-watering $38bn market cap. The free-to-download virtual gaming world, which is available on PC, Xbox and mobile, made its market debut on the New York Stock Exchange on Wednesday and its share price quickly soared. According to CNBC, the company's stock closed at $69.50, giving Roblox a market cap of $38.26bn. To put that into context, EA's current market cap is $37.43bn, Take-Two's is $18.98bn, and Ubisoft's is $8.16bn. Watch on YouTube "We are deeply humbled by the overwhelming support for @Roblox and our public offering today," CEO and founder David Baszucki tweeted. "To all those who helped us get one step closer to fulfilling our vision of the #Metaverse-thank you. #RobloxIPO." Roblox lets players develop multiplayer-focused games within its platform and even make money from them. Some Roblox developers make thousands off the back of the game's 200 million monthly active users. 56 per cent of those users are under 13. Like the wider gaming industry, Roblox benefited from lockdowns that boosted usage by 40 per cent. Over the last year, daily user numbers shot up by 85 per cent, with monthly users up 75 per cent. Last year, Roblox made $923.9m (a jump of 82 per cent) off the back of more players spending more money on Robux, the virtual currency. But its loss increased to $253.3m from $71m in 2019. In 2020 Roblox paid out a total of $328.7m to developers, an almost 200 per cent increase on 2019. More than 1250 developers made at least $10,000 last year via Roblox's revenue sharing program (developers get 70 per cent of the Robux spent on their games). There are 300 developers making more than $100,000 annually on the platform. The expectation is Roblox's growth will slow this year as lockdowns lift and kids return to school, but revenue is still expected to climb between 56 per cent and 64 per cent (to between $1.44bn and $1.52bn). Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 3 Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 13 Latest Articles Digital Foundry Nvidia GeForce RTX 4090: a new level in graphics performance The Digital Foundry video review - and how the new GPU champion delivers for 4K 120fps gaming. Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 3 Feature Evercore Heroes wants to wind people up the right way "There's less rage at them, because they didn't end your fun." Genshin Impact Path of Gleaming Jade dates, login event rewards Including other anniversary rewards and how to claim them. Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store