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00:02Rumbelink reported fourth quarter revenue of $27.07 million and a loss of $0.13 per share,
00:09missing analyst estimates of $27.62 million in revenue and a loss of $0.07 per share,
00:16according to Benzinga Pro. The company reported 52 million monthly active users in the fourth
00:22quarter, up 11% quarter over quarter, following an initial investment in international expansion.
00:28Average revenue per user rose 2% sequentially to $0.46.
00:33Rumbel ended the quarter with $256.4 million in total liquidity,
00:38including $237.9 million in cash and $210.82 Bitcoin.
00:44CEO Chris Pawlowski said investments in platform stability, creator monetization,
00:50short-form video, and sales infrastructure are beginning to produce results.
00:54Rumbel said it expects to complete its acquisition of AI infrastructure company
00:58Northern Data in the second quarter.
01:00Shares were up by 1.08% at $5.61, according to data from Benzinga Pro.
01:07For all things money, visit Benzinga.com.
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