"The No. 1 stock in the Metaverse" Roblox: Market value fell by 76%
Reason for being on the list: 's plummeting stock price , and the market value has been cut in half. Whether Roblox will fall behind on the Metaverse track is a common worry in the market today.
In March last year, after the American sandbox game platform Roblox was listed on the New York Stock Exchange, its share price rose 54.4% on the first day, with a market value of over US$40 billion.
At that time, Roblox, which was known as the "first stock in the metaverse", caused a sensation in the entire capital industry because its valuation was only US$4 billion the year before it was listed, and it increased tenfold when it was listed.
Since then, Roblox has continued to rise, reaching a peak market value of US$80 billion in November last year.
However, one year later, Roblox has both good and bad times, but the worries far outweigh the good things. As of November 25 this year, its market value was only US$19 billion, a tragic drop of 76% in one year.
What worries capital even more is that according to Roblox’s latest third-quarter financial report, its financial performance is also sluggish.
financial report shows that Roblox’s third quarter revenue was US$517.7 million, and increased by 2% year-on-year; the net loss attributable to the parent company was US$297.8 million, compared with a net loss of US$74 million in the same period last year.
Roblox itself is a UGC sandbox game platform. However, unlike ordinary sandbox games, it does not create games itself, but provides a platform and tools for game development, allowing players to create their own games to attract other users.
Some people in the industry believe that the growth bottleneck of Roblox has gradually brought the market back to rationality, and at the same time, more people have begun to think about where is the ideal landing scene of the Metaverse?
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