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Investing.com -- Rumble reported second-quarter revenue of $25.1 million, up 12% year-over-year but falling short of the $26.8 million average analyst estimate according to Bloomberg Consensus.
The video-sharing platform posted a loss per share of 12 cents, slightly improved from the 13 cents loss per share in the same period last year.
Monthly active users (MAUs) declined 3.8% year-over-year to 51 million. The company attributed the continuing decrease in MAUs relative to the third and fourth quarters of 2024 to "a slowdown of news and political commentary outside of a US election cycle."
Rumble’s cost of services, which includes content, hosting and other expenses, decreased 26% year-over-year to $26.5 million.
Sales and marketing expenses increased 26% to $7.89 million compared to the same quarter last year.
The company reported cash and cash equivalents of $283.8 million, representing an 85% increase from the previous year.
In a separate announcement, Rumble confirmed its interest in pursuing a potential exchange offer for Northern Data AG (ETR:NB2), a provider of AI and High Performance Computing solutions.
Guggenheim Securities LLC is acting as financial advisor and Willkie Farr & Gallagher LLP is serving as legal counsel to Rumble for this potential acquisition.
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