Rumble Inc. (NASDAQ:RUM) beat its revenue estimates, scaling a fresh record in the fourth quarter, and announced the creation of “Rumble Wallet” for its creator community during its earnings call.
What Happened: The online video platform and cloud services operator, Rumble, closed the $775 million investment from Tether (CRYPTO: USDT) in early February, which was announced in December 2024. However, the CEO highlighted four core impacts of this partnership during its earnings call.
One of the core impacts included the development of the first of its kind “Rumble Wallet” with Tether to become a leading media platform within the cryptocurrency community.
The company’s chairman, founder, and CEO, Chris Pavlovski, said that the wallet will include transactions in USD Tether, Tether Gold, and Bitcoin (CRYPTO: BTC). “We expect this to bring direct value to the crypto community on our platform and facilitate meaningful high-value partnerships with crypto exchanges,” he said.
Meanwhile, the other three impacts listed by Pavlovski included:
- Utilization of Tether’s global reach to accelerate its international expansion for both its video platform and cloud services.
- The partnership aims to onboard Tether’s portfolio companies onto Rumble Cloud, significantly expanding its customer base.
- Tether’s investment …
Full story available on Benzinga.com