Video-sharing platform Rumble (NASDAQ:RUM) has announced the acquisition of podcasting and live-streaming platform CallIn.
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San-Francisco based CallIn was founded by David Sacks, who will be joining Rumble’s Board next month. The addition of CallIn, a social podcasting platform, is expected to boost user engagement for Rumble while also helping the latter empower creators.
Additionally, Rumble has also announced a mixed set of first-quarter numbers while clocking nearly 3x growth in its topline. Revenue surged 336.1% year-over-year to $17.62 million, outperforming estimates by $1.7 million. Net loss per share at $0.14, on the other hand, missed estimates by about $0.10.
Further, the company clocked 10.8 billion average estimated minutes watched per month during the quarter and its average global monthly active users surged by 17% to 48 million during this period.
Shares of the company have surged nearly 51.4% so far this year while short interest in the stock is currently hovering at about 10.2% at present.
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