Rumble (NASDAQ: RUM) surged nearly 20% on Friday after reporting first-quarter results that exceeded earnings expectations and showcased meaningful year-over-year revenue growth, despite falling just shy of consensus revenue estimates.
The video-sharing platform posted a net loss of $0.01 per share, significantly better than analyst forecasts of a $0.09 loss. Revenue grew 34% year-over-year to $23.71 million, up from $17.7 million a year earlier, though below the $25.09 million consensus.
Investors appeared encouraged by the platform’s improved user engagement and financial discipline. Rumble retained 87% of its Monthly Active Users (MAUs) following the 2024 U.S. general election—an improvement from 60% post-2022 midterms—helping maintain an average of 59 million MAUs during the quarter.
The company’s net loss narrowed sharply to $2.7 million from $43.3 million in the same quarter last year, reflecting improved cost control. Adjusted EBITDA came in at a loss of $22.7 million, an improvement of $3.8 million year-over-year.
Rumble ended the quarter with $318.7 million in liquidity, bolstered by a recent investment from Tether. This includes $301.3 million in cash and cash equivalents, and 210.82 Bitcoin valued at $17.4 million.
Looking ahead, management reaffirmed its target of achieving adjusted EBITDA breakeven in 2025, citing a stronger financial position and continued investment flexibility.
The earnings release follows the recent resignation of board member Robert Arsov. The company stated that his departure was not due to any disagreement regarding its operations, policies, or practices.
As of the latest update, Rumble (NASDAQ: RUM) shares are up 19.54%, trading at $9.30.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
