The company Roblox, owner of the eponymous gaming platform, has launched a stock buyback program for the first time in its history. Learn more.
Roblox
In a statement for investors, Roblox explained that the buyback aims to "partially offset the dilution of shareholder equity" that occurred after it shared stocks with employees. The board of directors has already approved the program.
Roblox plans to acquire shares gradually. Over the next 12 months, it intends to purchase securities worth up to $1 billion, and only after that, an additional $2 billion.
The total of $3 billion is a significant yet manageable amount for Roblox, especially considering that the buyback process will span several years. Recall that last year, Roblox's revenue reached $4.9 billion, and in 2026 it is projected to be at the $6 billion level, marking a new record. The company's current market value is estimated at $31.83 billion on the stock exchange.