In 2021, I penned a piece about RBLX’s first earnings report after its initial public offering (IPO). It’s an innovative digital platform that allows users to create and play games in a 3D world.Īnd it boasts more than 58 million users right now! Roblox is a developer made popular by its signature video game that carries the same name. If you have kids or grandkids, there’s a good chance you’ve heard of Roblox. While video game sales are strong, our Stock Power Ratings system shows that not all companies involved are great investments. Statista found that global revenue from video games will reach $298.2 billion by 2027 - a 50% increase from 2021. Millions of people of all ages flock to gaming in many different formats, including consoles like the PS5, or even their phones or tablets. That said, I don’t have a ton of time to actually sit down and play video games on it - but I’m an exception to that rule. Last Christmas, my wife surprised me with a PlayStation 5.
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