The latest update is out from Rumble ( (RUM) ).
Rumble Inc. has reported a strong third quarter in 2024, with a 39% increase in revenue to $25.1 million and a 26% rise in monthly active users to 67 million. Despite a net loss of $31.5 million, the company improved its cash usage and launched new initiatives like Rumble Premium. Rumble also joined a lawsuit regarding advertising revenue and expanded its video distribution to Xbox, marking growth in both user engagement and partnerships.
See more insights into RUM stock on TipRanks’ Stock Analysis page.
