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Roblox Is the Metaverse, Buy the Stock: Jim Cramer

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Roblox  (RBLX) - Get Free Report reported a second-quarter loss of 25 cents a share on revenue of $454.1 million Monday. Analysts had expected revenue of $684.8 million.

When Cramer sat down with CEO and founder David Baszucki to discuss the mixed results Tuesday, Baszucki said that despite the reopening, Roblox is still seeing growth in its daily active users.

Baszucki said the company has grown for the last 15 years because it's about far more than gaming, saying the digital experiences the company provides will fuel growth for the next 15 years. 

Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that Roblox is a phenomenal representation of the metaverse and the stock is a buy on its recent decline. 

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