If I buy a $25 gift card from Starbucks, Starbucks can’t record $25 in revenue. Thinking about the same way you would buy a gift card. Bookings is when a user puts money onto the platform, but the company cannot record it as revenue yet, it has to be spent on the platform. Now, bookings are different than revenue, that’s something unique to the video game industry. They were on iOS in 2011, Android in 2014, Xbox in 2015, they did partnerships with Tencent in 2019, which is the largest gaming company in the world.Īs of last year, fiscal year 2020, they did $1.9 billion in bookings. Roblox the platform was officially launched in 2006, and over time, they’ve just grown and added on the new platform. The two co-founders have been together creating 3D simulated software programs since 1989. Here is a little bit about their founding in history.

Their mission is to build a human co-experienced platform, co-experienced meaning metaverse, that enables billions of people to share experience with each other.

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