04:28 PM EDT, 03/27/2024 (MT Newswires) -- Rumble (RUM) reported a Q4 loss late Wednesday of $0.14 per diluted share, compared with a break-even a year earlier.

One analyst polled by Capital IQ expected a loss of $0.22.

Revenue for the quarter ended Dec. 31 was $20.4 million, up from $20 million a year earlier.

One analyst surveyed by Capital IQ expected $28.1 million.

Beginning with Q2 of 2024, the company said it expects revenue to increase on a sequential basis.

As a result of its revenue engines coming online and guaranteed creator commitments set to significantly decrease by the end of 2024 and into 2025, Rumble said it continues to move materially towards breakeven in 2025.

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