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Rumble Inc (NASDAQ:RUM) reported first-quarter financial results Thursday after market close.
Here are the key highlights.
• Rumble shares are retreating from recent levels. What’s weighing on RUM shares?
Rumble Q1 Financials
Rumble reported first-quarter revenue of $25.46 million, up 7% year-over-year. The revenue missed a Street consensus estimate of $25.98 million, according to data from Benzinga Pro.
The revenue total was also a first-quarter record for the company.
Rumble reported a loss of 12 cents per share for the first quarter, missing a Street consensus estimate of a loss of nine cents per share.
The company ended the quarter with an average of 56 million global Monthly Active Users, up 8% from …
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