The Securities Alternate Fee has pushed again Roblox’s large public providing so it may possibly make clear its monetary studies.
Roblox is ready to start out public buying and selling with a billion-dollar IPO, however the inventory cannot debut onto the New York Inventory Alternate till the SEC provides its blessing. Proper now the SEC desires extra clarification on Roblox’s revenue, particularly its digital revenues earned from in-game Robux purchases.
The SEC desires Roblox to separate revenues from in-game consumables and the paid subscriptions, particularly how the income is amortized over a interval. Roblox initially mixed these revenues collectively. The corporate says this new adjustment will pressure a re-write of its financials, which might take some time.
“By adopting that accounting place, our income will truly be a bit larger, whereas bookings, DAUs (each day lively customers), hours of engagement, and money circulate is not going to change,” Roblox CEO David Baszucki mentioned in an inside doc obtained by Reuters.
“It should, nevertheless, take us a while to replace this alteration in our monetary statements.”