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Roblox
Roblox, the children’s gaming company that will begin publishing, released an updated brochure on Thursday showing that its revenue during the first three quarters of 2020 was higher than previously reported, while its net loss was minor.
Revenue for the first nine months of 2020 rose 70 percent to $ 613.9 million, the company said Thursday. In its pre-January pamphlet, Roblox said revenue during this stretch increased 68 percent to $ 588.7 million. The revised net loss for the period was $ 194.5 million, down from the $ 213.3 million previously reported.
The filing comes after Reuters reported in late January that the company postponed its stock market debut because the SEC was examining the company’s revenue recognition method through its digital currency. In the story, Reuters quoted a note sent to employees.
Roblox said he now expects his direct quote to be made in March, rather than February, as indicated in a previous filing. Roblox was initially scheduled to go public through a traditional IPO in December, but delayed its debut for the first time and switched to a direct listing after Doordash and Airbnb set a price for their IPOs. far below the place where the shares were opened.
Roblox, which has one of the highest-income apps on Apple and Google devices, makes money by allowing its millions of users to buy virtual currency called Robux that can be used to dress up their avatar or advance in games.
The change in reporting changed Roblox’s financial resources for each of the last eleven quarters, which are those covered in the brochure.
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