Rumble Q3 Loss Widens, Revenue Rises; Shares Fall After-Hours

MT Newswires Live11-13

Rumble (RUM) reported a Q3 net loss late Tuesday of $0.15 per diluted share, compared with a loss of $0.14 a year earlier.

Two analysts polled by Capital IQ expected a $0.13 loss.

Revenue for the quarter ended Sept. 30 rose to $25.1 million from $18 million a year earlier.

Two analysts surveyed by Capital IQ expected $29.3 million.

The company said it continues to expect revenue growth for the rest of 2024.

Rumble shares were down over 9% in after-hours activity.

Price: 6.17, Change: -0.66, Percent Change: -9.66

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