Rumble (NASDAQ:RUM) reported fourth-quarter results on Thursday that featured a historic revenue milestone and a narrowed net loss, as the "freedom-first" platform continues its transformation into an artificial intelligence and cloud infrastructure provider.
The Longboat Key, Florida-based company posted revenue of $27.1 million for the quarter, marking a 9% sequential increase.
For the full year, Rumble surpassed $100 million in annual revenue for the first time in its history.
The company's net loss for the quarter was $32.7 million, or 11 cents per share, a significant improvement from the $236.8 million loss reported in the prior-year period.
While the results showed operational progress, the loss per share was slightly wider than the 10-cent loss anticipated by analysts surveyed by Zacks Investment Research.
Rumble ended the year with 52 million monthly active users (MAUs) and a robust liquidity position of $256.4 million, providing capital to fund its pending acquisition of Northern Data and its fleet of 22,400 Nvidia GPUs.