Stock Track | Rumble Inc. Plummets 5.16% on Disappointing Q3 Earnings Miss

Stock Track11-16

Rumble Inc. (NASDAQ: RUM) stock plummeted 5.16% during Friday's intraday trading session, following the company's disappointing Q3 2024 earnings results that missed expectations.

For the third quarter, Rumble reported revenue of $25.1 million, up 39% year-over-year but missing analyst estimates by 14%. The company also posted a net loss of $31.5 million or $0.15 per share, wider than the $0.14 loss per share in Q3 2023 and missing earnings expectations by 20%.

While Rumble's revenue is forecast to grow 23% annually over the next 3 years, outpacing the 11% growth projected for the US Interactive Media and Services industry, the company faces concerns flagged by analysts, including 3 warning signs identified in Simply Wall St's investment analysis.

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Plummets 5.16% on Disappointing Q3 Earnings Miss\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-16 00:20 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rumble Inc. (NASDAQ: RUM) stock plummeted 5.16% during Friday's intraday trading session, following the company's disappointing Q3 2024 earnings results that missed expectations.\nFor the third quarter...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RUM","symbol_name":"Rumble Inc.","start_time":0,"source_url":"","article_id":"1198787984","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198787984","pubTimestamp":1731687628,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Rumble Inc.  stock plummeted 5.16% during Friday's intraday trading session, following the company's disappointing Q3 2024 earnings results that missed expectations.For the third quarter, Rumble reported revenue of $25.1 million, up 39% year-over-year but missing analyst estimates by 14%. 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