Rumble Inc reports results for the quarter ended June 30 - Earnings Summary

• Rumble Inc RUM.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of four analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -4 cents per share.

• Revenue rose 11.6% to $25.08 million from a year ago; analysts expected $26.78 million.

• Rumble Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $30.22 million.

• Rumble Inc shares had fallen by 12.2% this quarter and lost 39.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Rumble Inc is $10.00, about 21.2% above its last closing price of $7.88

This summary was machine generated from LSEG data August 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)