Why Rumble Stock Is Trading Lower After Q1 Earnings
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Rumble Inc (NASDAQ:RUM) reported Q1 earnings with revenue of $25.46 million, missing estimates of $25.98 million, and a loss of 12 cents per share, worse than the expected loss of nine cents. Despite a record revenue and an increase in Monthly Active Users to 56 million, Rumble's stock fell 8.20% to $7.50 after hours. The company is on track to acquire Northern Data, which could enhance its AI offerings and diversify earnings.
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