Roblox owns a video game platform, which the gamers can use to both play multiplayer games and create their own ones.
The company gets its earnings by selling Robux, a virtual currency that allows the users to purchase in-game items and additional features, while also serving as a base of earnings for the game creators.
Roblox is included into the Fast Company list of the Top 50 most innovative companies; the company also became the third video game product in 2020 by earnings, surpassing even such giants as Fortnite.
The number of players is estimated at 150M monthly, while the engagement per month reaches 1.50B hours. With the pandemic and the global interest towards video games, Roblox value rose dramatically, from $4B all the way to $29.50B. According to Mordor Intelligence research, the video game market might reach $295.63B by 2026.
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