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Rumble Inc (RUM)
:RUM
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 30, 2023
|% Change Since: 79.36%
|Next Earnings Date:Nov 14, 2022
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment, driven by strong revenue growth, successful monetization strategies, and significant engagement during the election period. Despite some challenges like decreased ARPU and a decline in cash reserves, the strategic initiatives and market positioning show promise for future growth.Company Guidance
During Rumble's Q3 2024 earnings call, the company provided optimistic guidance, highlighting significant growth and milestones achieved. Christopher Pavlovski, Rumble's CEO, noted that the company reached 67 million monthly active users and experienced a strong quarter with revenues increasing to $25.1 million, up from $18 million in Q3 2023. Rumble's platform saw a notable increase in engagement during the U.S. presidential election, capturing a 17.8% share of live streaming hours in the U.S. The company also reported a decrease in ARPU to $0.33, attributed to rapid user growth outpacing monetization efforts. Despite this, Rumble anticipates continued sequential revenue growth, fueled by the introduction of mid-roll ads and the expansion of Rumble Premium. The company also reported reduced cost of services and a decrease in cash usage, with a cash position of $132 million. They aim to approach adjusted EBITDA breakeven in 2025, with early signs of brand advertising partnerships emerging following the disbandment of GARM.Revenue Growth
Rumble reported revenues of $25.1 million for Q3 2024, an increase of $7.1 million from Q3 2023, driven by $5.9 million in audience monetization revenues.
Election Day Success
Rumble reached a 17.8% share of live hours watched in the U.S. on election day, setting new records for concurrent viewers and surpassing previous benchmarks.
Rumble Premium Growth
The introduction of mid-roll ads and exclusive content in Rumble Premium significantly increased subscriber growth, with notable contributions from Stephen Crowder's MugClub.
Cost of Services Decrease
Cost of services decreased by $3.3 million to $36.4 million in Q3 2024 compared to Q3 2023, due to a decrease in content costs.
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RUM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RUM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $6.83 | $6.15 | -9.96% |
| Aug 12, 2024 | $5.75 | $6.06 | +5.39% |
| May 14, 2024 | $7.15 | $7.15 | 0.00% |
| Mar 27, 2024 | $8.50 | $8.08 | -4.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rumble Inc (RUM) report earnings?
Rumble Inc (RUM) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Rumble Inc (RUM) earnings time?
Rumble Inc (RUM) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RUM EPS forecast?
RUM EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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