Reported 2 days ago
Rumble Inc. (NASDAQ:RUM) saw a significant surge of 19.54% in its stock price on Friday, closing at $9.30 per share, following a strong first-quarter earnings report. The company reported a dramatic reduction in net loss, down 94% to $2.7 million, while revenues increased by 34% to $23.7 million compared to the previous year, driven by growth in subscriptions and advertising. Despite the broader stock market decline, Rumble's performance was bolstered by investor optimism stemming from its ambitious growth plans supported by a recent $775 million funding round.
Source: YAHOO