Rumble Inc ( (RUM) ) has released its Q1 earnings. Here is a breakdown of the information Rumble Inc presented to its investors.
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Rumble Inc. is a video-sharing platform and cloud services provider known for its commitment to creating an independent internet infrastructure, operating primarily in the digital media and technology sector.
In its first quarter of 2025, Rumble Inc. reported a significant 34% increase in revenue year-over-year, reaching $23.7 million. The company also highlighted strategic partnerships and improved user retention metrics as key achievements.
Key financial metrics revealed a net loss of $2.7 million, a substantial improvement from the $43.3 million loss in the same quarter of the previous year. The company also reported an adjusted EBITDA loss of $22.7 million, showing progress compared to the previous year’s figures. Notably, Rumble secured a cloud services contract with the Government of El Salvador and announced a partnership with the Tampa Bay Buccaneers, signaling growth in its cloud services division.
Rumble’s management remains optimistic about the company’s future, emphasizing the potential for growth through strategic partnerships and new initiatives such as the Rumble Wallet. With a fortified balance sheet and increased liquidity, the company is poised to continue its expansion and move towards adjusted EBITDA breakeven in 2025.