Bummed About the Roblox IPO Delay? Buy Bilibili Now Instead
Folks hoping to grab a piece of the Roblox franchise earlier this month came up empty-handed. The company behind the fast-growing online community where members play, learn, and explore user-generated 3D digital worlds decided to delay its IPO last week. Now, it won't hit the market until 2021.
Roblox is an interesting platform with 31.1 million daily active users. More than 7 million developers are expanding and enhancing the experience. Business is booming. Revenue increased by 56% last year, and that growth accelerated to 68% through the first nine months of 2020.
The platform is unusual in that it's popular with very young users. A whopping 54% of its global audience is 13 years of age or younger. This has posed monetization and data-collecting challenges, but the potential is huge if those users stick to the platform as they get older.
Source Fool.com
