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symbol logo$RUM Q4 '24 Earnings Results & Recap Rumble's Q4 2024 revenue of $30.2 million exceeded the estimate of $29.74 million, while the net loss was significantly higher than expected; however, the company projects at least 25% revenue growth in Q1 2025 and anticipates a move toward adjusted EBITDA breakeven in 2025.
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do_no_harm
The "significant net loss" was due to the Tether deal which closed in February. It's a derivative bookkeeping notation that would have been equaled out if the Tether deal had been begun and completed in the same quarter. It amazes me that "professionals" such as ST and other financial writers don't do their due diligence before writing fake news...
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