What's Going On With Rumble Stock Today?

Rumble Inc. (NASDAQ:RUM) shares are trading lower on Tuesday.

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%.

The increase from the third quarter is attributable to higher advertising and subscription revenue.

Adjusted EBITDA was a loss of $13.4 million, representing an improvement of $16.6 million year over year.

As of December 31, Rumble’s balance of cash and equivalents was approximately $114.0 million.

Average global Monthly Active Users was ...