Stocks That Can Double Your Money - Roblox

 

1 - Roblox

Roblox is an online game platform and game creation system provider that allows users to program games and play games created by other users. The stock has been traded publicly since March 10 and has gained nearly 60 percent from its direct listing price of $ 45.

The company's game-changing business model elevates it for long-term success.

Roblox's market value reached $ 43 billion. - The point where it has emerged since it raised its valuation to $ 29.5 billion in the capital increase in January is truly enormous.

Under current circumstances, Roblox is worth more than established video game studios such as Electronic Arts, valued at $ 38 billion and Zynga, valued at $ 11 billion.

But Roblox's innovative business model helps to justify its optimistic assessment. While competitors reinforce high-level growth with record-breaking royalties and acquisitions, Roblox's content is developed by its users, saving costs and hence leading to rapid organic growth. Roblox earns money from purchases made with the in-game currency "Robux", as well as some advertising and royalties. Roblox expects daily active users to grow between 6 percent and 12 percent (up to 36.4 million users) in 2021. In light of this information, considering that Daily Active Users increased by 82 percent year on year during the nine-month period ending September 30, 2020, the year 2021 will be a dramatic slowdown. In addition, the management plans to expand and continue to grow in international markets. The company's management expects full-year revenue of up to $ 1.5 billion in 2021, representing 64 percent growth over the previous year.   Stocks That Can Double Your Money - Roblox Source: https://www.fool.com/ You may also be interested in:

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