Rumble Says Beginning With Q2 2024, We Expect Revenue To Increase On A Sequential Basis. As A Result Of Our Revenue Engines Coming Online And Our Guaranteed Creator Commitments Set To Significantly Decrease By The End Of 2024 And Into 2025, We Continue To Move Materially Towards Breakeven In 2025.
Portfolio Pulse from Benzinga Newsdesk
Rumble anticipates revenue growth starting Q2 2024 due to new revenue engines and reduced creator commitments, aiming for breakeven in 2025.
March 27, 2024 | 8:08 pm
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Rumble expects sequential revenue growth from Q2 2024, with a significant reduction in creator commitments and a move towards breakeven by 2025.
Rumble's announcement of expected revenue growth and reduced creator commitments signals a positive outlook for the company's financial health. This strategic shift towards more sustainable operations and the anticipation of reaching breakeven by 2025 could positively influence investor sentiment and potentially drive up RUM's stock price in the short term.
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