I looked into Roblox. Watching the games on the platform to understand the appeal was suffering, to say the least.
TLDR:
\- It's a great business model, with plenty of untapped monetization
\- Interesting accounting (revenue vs. bookings)
\- Terrible content (I might be getting old, but the games played 10-15 years ago had so much more quality)
\- Currently slightly overvalued
\- Quite some risks (child safety, regulation, virality dependence, but also new game releases, such as GTA VI coming up this November)
Full deep dive: (reading time \~7 minutes): [https://thefinancecorner.substack.com/p/roblox-the-youtube-of-games](https://thefinancecorner.substack.com/p/roblox-the-youtube-of-games)
