Rumble's Crypto Presence Set To Strengthen Following Tether's Recent Investment: Analyst
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Rumble Inc. (RUM) has received an investment from Tether, which is expected to strengthen its crypto positioning and support international expansion. The company reported strong Q4 sales of $30.20 million, representing 48% year-over-year growth, and expects at least 25% revenue growth in Q1. Wedbush analyst Scott Devitt maintained a Neutral rating but lowered the price target from $13 to $10.
March 26, 2025 | 6:45 pm
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POSITIVE IMPACT
Tether's investment will help Rumble expand internationally, onboard portfolio companies to Rumble Cloud, develop Rumble Wallet, and work towards EBITDA breakeven.
The Tether investment provides strategic support for Rumble's crypto and cloud business expansion, potentially driving future growth and market positioning.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100