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What's Going On With Rumble Stock Tuesday?
Rumble Inc (NASDAQ:RUM) shares are volatile Tuesday after the company reported better-than-expected results for the second quarter.
What Happened: Rumble reported second-quarter revenue of $22.469 million, beating analyst estimates of $19.69 million. The company reported a quarterly loss of 13 cents per share, beating estimates for a loss of 15 cents per share, according to Benzinga Pro.
Total revenue was down from $25 million on a year-over-year basis, but up 27% sequentially. Average monthly active users came in at 53 million, up from 50 million in the first quarter. Average revenue per user was 37 cents. ...