Rumble Expects Revenue To Increase On Sequential Basis Starting In Q2 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Rumble anticipates a sequential revenue increase starting in Q2 of 2024, driven by new revenue engines and a reduction in guaranteed creator commitments. The company aims for a breakeven point in 2025.
May 14, 2024 | 8:12 pm
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Rumble expects revenue growth from Q2 2024 and aims for breakeven in 2025, indicating a positive financial trajectory.
The anticipation of revenue growth and a reduction in costs leading to a breakeven point by 2025 suggests a positive outlook for Rumble. This could attract investor interest and potentially drive up the stock price in the short term, especially as the market responds to positive financial forecasts and strategic cost management.
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