BUZZ-Rumble falls on bigger Q3 loss, lower revenue per user

Reuters11-13
BUZZ-Rumble falls on bigger Q3 loss, lower revenue per user

** Video and cloud services provider Rumble's RUM.O shares fall 9.7% to $6.2 in extended trading

** Company's Q3 net loss widens to $31.5 million from $29.0 million a year earlier

** Average revenue per user for Q3 came in at 33 cents, compared to 37 cents in the second quarter

** "Given that we are currently in the early stages of monetizing our user base, we expect to see some lag in revenue relative to users, particularly during periods of high user growth," the company said

** Shares up 52.12% YTD

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))

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