Rumble Reports Q2 Minutes Watched Per Month Up 46% YoY, Average Global MAUs 44M, Down From 48M QoQ
Portfolio Pulse from Benzinga Newsdesk
Rumble, a video platform, reported a 46% YoY increase in Q2 minutes watched per month. However, the average global monthly active users (MAUs) decreased to 44 million from 48 million quarter over quarter.
August 14, 2023 | 8:09 pm
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NEUTRAL IMPACT
Rumble's Q2 report shows mixed results with an increase in user engagement but a decrease in user base. This could potentially impact the company's future revenue and growth.
The increase in minutes watched per month indicates higher user engagement, which is a positive sign. However, the decrease in MAUs could be a concern as it might lead to lower ad revenues. The net impact on the stock price is uncertain in the short term.
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IMPORTANCE 80
RELEVANCE 100