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Rumble Q2 Loss Narrows, Revenue Declines
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Rumble Q2 Loss Narrows, Revenue Declines
Aug 12, 2024 1:52 PM

04:23 PM EDT, 08/12/2024 (MT Newswires) -- Rumble (RUM) reported a Q2 net loss late Monday of $0.13 per diluted share, narrower than a loss of $0.15 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.15.

Revenue for the quarter ended June 30 was $22.5 million, down from $25 million a year earlier.

Two analysts surveyed by Capital IQ projected $19.7 million.

The company said average global monthly active users were 53 million in Q2, compared with 50 million in Q1.

Shares of Rumble were up 5.4% in after-hours activity.

Price: 6.06, Change: +0.31, Percent Change: +5.39

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