Rumble Q1 Earnings Highlights: Revenue Miss, EPS Miss, Lawsuit Filed Against Google - Rumble (NASDAQ:RUM) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Financially, Rumble's performance in the fourth quarter of 2023 exceeded expectations, with reported revenues of $20.4 million, representing a notable increase compared to last year. While the year-end figures reflected a substantial rise in revenues, the company remained aware of the need to streamline operations and enhance efficiency to achieve sustained profitability.
~ Full Year 2023 Revenue Increased 106% to $81.0 Million ~ ~ Fourth Quarter Average Monthly Active Users Sequentially Increased 16% to 67 Million ~ ~ Achieved Company’s Largest Milestone To-Date.