Rumble Inc. Q4 Loss Widens

(RTTNews) - Rumble Inc. (RUM) announced Loss for its fourth quarter of -$236.752 million

The company's bottom line totaled -$236.752 million, or -$1.15 per share. This compares with -$29.277 million, or -$0.14 per share, last year.

The company's revenue for the period rose 48.2% to $30.228 million from $20.391 million last year.

Rumble Inc. earnings at a glance (GAAP) :

-Earnings: -$236.752 Mln. vs. -$29.277 Mln. last year. -EPS: -$1.15 vs. -$0.14 last year. -Revenue: $30.228 Mln vs. $20.391 Mln last year.

Looking ahead, for the first-quarter of 2025, the company expects a year-on-year revenue growth of at least 25 percent.

Further, Rumble said: “The company continues to manage the business moving materially towards Adjusted EBITDA breakeven in 2025. With the new capital raised from Tether, we now have increased optionality to further invest in initiatives that could accelerate and expand our business.”