Core Insights - Rumble Inc. reported a quarterly loss of $0.12 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.11, but an improvement from a loss of $0.15 per share a year ago [1] - The company generated revenues of $23.71 million for the quarter, exceeding the Zacks Consensus Estimate by 2.81% and showing growth from $17.73 million year-over-year [2] - Rumble Inc. shares have declined approximately 41.6% year-to-date, contrasting with the S&P 500's decline of 4.3% [3] Financial Performance - The company has not surpassed consensus EPS estimates in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on revenues of $25.35 million, and for the current fiscal year, it is -$0.35 on revenues of $109.9 million [7] Market Outlook - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Internet - Software industry, to which Rumble Inc. belongs, is ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Rumble Inc. (RUM) Reports Q1 Loss, Tops Revenue Estimates