Roblox's value grows 700% to staggering $29.5 billion

Roblox Corp. amassed another half a billion in funding, pushing its total valuation to nearly $30 billion, up 7x from last year.

@DeekeTweak

Published Jan 7, 2021 6:46 PM CST
Updated Feb 4, 2021 5:31 AM CST

56 seconds read time

Gaming titan Roblox Corp. has completed a new $520 million funding round valuing the company at nearly $30 billion--more than Grand Theft Auto parent company Take-Two Interactive.

Roblox's value grows 700% to staggering $29.5 billion 36

Roblox is a juggernaut that has grown significantly in just one year's time. Following a successful half-billion funding round, Roblox Corp. is now worth an estimated $29.5 billion. This represents an astronomical 700% raise in market value in just 11 months. The funding round issued 11,556 shares at $45 a piece, and major new investors Dragoneer Investment Group and Altimeter Capital join established investors like Warner Music Group.

The game regularly makes billions every year from in-game monetization, and pulled in over $1 billion on mobile in 2020. Exact 2020 revenues are unknown as Roblox Corp. is a private company that doesn't publish results. That will change soon when the company goes public with a direct stock listing.

Games like Roblox have helped drive total-year 2020 microtransaction earnings to over $96 billion.