Rumble's Crypto Presence Set To Strengthen Following Tether's Recent Investment: Analyst

Wedbush analyst Scott Devitt reiterated the Neutral rating on Rumble Inc. RUM on Tuesday, lowering the price forecast from $13 to $10.Yesterday, the company reported fourth-quarter sales of $30.20 million (+48% year over year), beating the analyst consensus estimate of $29.73 million. Average Revenue Per User for the fourth quarter was $0.39, compared to $0.33 in the third quarter, an increase of 18%.For the first quarter, the company expects at least 25% revenue growth year over year.Read Next: US Adds 50 ...