Welcome to our dedicated page for Rumble news (Ticker: RUM), a resource for investors and traders seeking the latest updates and insights on Rumble stock.
Rumble Inc. (symbol: RUM) is a dynamic, high-growth video-sharing platform that allows users to watch, share, like, comment, and upload their own videos. The platform supports both video-on-demand and live streaming content, enabling creators to engage with their audience in real-time. Users can subscribe to their favorite channels to stay updated with the latest content from creators.
Rumble Inc. focuses on generating revenue primarily from the United States. The company is not just a video platform; it is also a cloud services provider that prides itself on creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by promoting a free and open internet. This mission is reflected in its commitment to providing an unfiltered and unbiased platform for content creators and consumers alike.
Rumble has been making headlines recently with its aggressive stance against major tech companies. Notably, Rumble has filed a lawsuit against Google, alleging anti-competitive and exclusionary practices. The lawsuit claims that Google's monopolistic behavior in the digital advertising market has unfairly impacted Rumble's growth. This legal action highlights Rumble's determination to challenge industry giants and advocate for a more equitable digital ecosystem.
In terms of financial performance, Rumble recently announced its fourth quarter and full-year 2023 results, demonstrating strong growth and financial health. The company continues to attract investor interest, and its upcoming earnings conference call is highly anticipated by stakeholders.
Rumble's partnerships and collaborations further bolster its position in the market. For instance, the platform hosts the popular podcast
Rumble (Nasdaq: RUM) reported its Q3 2024 results, showcasing strong growth in several key metrics.
Revenue rose 12% sequentially to $25.1 million, a 39% increase YoY. Monthly Active Users (MAUs) grew to 67 million, up 26% QoQ, with 43 million in the U.S. and Canada. However, Average Revenue Per User (ARPU) declined to $0.33 from $0.37 in Q2 2024.
Net Loss increased to $31.5 million from $29.0 million in Q3 2023, though Adjusted EBITDA loss improved to $23.5 million. The company reduced its cash usage for the fourth consecutive quarter, with a 25% reduction from Q2 2024.
Significant events included a partnership with the Miami Dolphins, legal action against advertising agencies, and the launch of the Rumble app on Xbox. Rumble also reported record live viewership during the U.S. presidential debate.
Rumble (NASDAQ:RUM) announced multiple record-breaking achievements during Election Night (November 5-6). The platform reached new highs in livestreams, concurrent views, consumption, Premium subscribers, and advertising revenue. According to StreamsCharts, Rumble hit 1,791,052 peak concurrent viewers, with Dan Bongino's stream reaching 515,000 concurrent viewers and Steve Crowder achieving 460,000. The platform secured its position as one of the top three video streaming platforms alongside YouTube and Twitch, with its app ranking third in the Apple App Store's Top Charts, surpassing YouTube.
Rumble (NASDAQ:RUM) announced that content creator Steven Crowder will host an Election Night livestream titled 'The Election Livestream of the Century: The Rumble on Rumble' starting at 6:00 p.m. EST. Crowder, who has over 1.6 million Rumble subscribers, will promote Rumble Premium as his new home for exclusive content. MugClub subscribers will automatically receive access to Rumble Premium, the platform's ad-free subscription product.
Rumble Inc (NASDAQ: RUM) announced it will release its Q3 2024 financial results on November 12, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern Time. Chairman and CEO Chris Pavlovski will participate in a post-earnings live stream interview with Matt Kohrs on Kohrs' Rumble channel using Rumble Studio. The interview will discuss Q3 2024 accomplishments and business initiatives, with viewers able to submit questions through the live stream comments.
Rumble (NASDAQ:RUM), a video-sharing platform and cloud services provider, has announced that Sticker Mule, a leading online custom merchandise seller, has become a cloud client. Sticker Mule is moving its Artificial Intelligence processing to the Rumble Cloud and will be using Rumble's NVIDIA H100 inventory. This expands on their existing relationship, as Sticker Mule has been a regular advertiser on Rumble for multiple years.
Sticker Mule, founded in 2010 and based in Amsterdam, NY, employs over 1,200 people worldwide. It offers a range of custom merchandise including stickers, magnets, buttons, labels, t-shirts, packaging, and more. Both companies emphasize their commitment to creativity and free expression, with Rumble CEO Chris Pavlovski highlighting the shared values of limitless imagination and creativity between their users.
Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, shattered multiple records during the American presidential debate between former President Donald Trump and Vice President Kamala Harris. According to Streams Charts, Rumble achieved:
- A record 1,044,513 concurrent live viewers
- Over 1,000 concurrent live streams
- New peak bandwidth consumption on its Content Delivery Network (CDN)
Additionally, Rumble hosted 31 of the top 100 live streams in the United States, accounting for 11.8% of viewers and 31% of streamers by Network. CEO Chris Pavlovski emphasized Rumble's commitment to delivering uncensored, unfiltered news and commentary, positioning it as a platform for honest information presentation during this globally important election.
Rumble Inc. (NASDAQ:RUM), a leading video-sharing platform and cloud services provider, has announced its participation in the upcoming Q3 Virtual Investor Summit Microcap Event. The company's management team is set to deliver a virtual presentation on Tuesday, August 20th, 2024, at 4:00 PM ET.
This event presents a valuable opportunity for investors to gain insights into Rumble's operations, strategies, and future prospects. The presentation will be accessible via webcast, allowing for widespread attendance. Additionally, the event will feature a live Q&A session, enabling direct interaction between investors and Rumble's management.
Interested qualified investors can register for complimentary access to the event through the provided registration link. This presentation at the Investor Summit Microcap Event underscores Rumble's commitment to transparency and engagement with its investor community.
Rumble (NASDAQ: RUM), a video-sharing platform and cloud services provider, has announced a partnership with the Miami Dolphins and Hard Rock Stadium to utilize Rumble Cloud's infrastructure services. This collaboration marks a significant milestone for Rumble Cloud, as it onboards one of the NFL's premier franchises.
Chris Pavlovski, Chairman and CEO of Rumble, expressed enthusiasm about the partnership, highlighting the validation it brings to their platform as they continue to scale. He emphasized the potential for the Miami Dolphins' business operations to grow and innovate using Rumble's cost-effective, high-performing cloud services.
Rumble Inc. (Nasdaq: RUM) reported Q2 2024 financial results, showing sequential revenue growth of 27% to $22.5 million. Key highlights include:
- Average global Monthly Active Users (MAUs) reached 53 million, up from 50 million in Q1 2024
- Introduced new KPI: Average Revenue Per User (ARPU) at $0.37, up 19% from Q1 2024
- Set a new record of 718,909 concurrent live viewers during the Biden-Trump debate
- Announced partnerships with PublicSquare, Miami Dolphins, and Hard Rock Stadium
- Filed antitrust lawsuits against Google and other entities
- Launched new products and expanded to Xbox platform
- Cash, cash equivalents, and marketable securities balance of $154.2 million as of June 30, 2024
Rumble Inc. (NASDAQ: RUM) has announced that its Chairman and CEO, Chris Pavlovski, will participate in a live-streamed interview with Matt Kohrs on August 12, 2024, following the company's Q2 2024 earnings call. The interview, hosted on Rumble's platform using Rumble Studio, will be accessible at rumble.com/MattKohrs. Viewers can submit questions during the stream, which will focus on Rumble's Q2 2024 achievements and future plans. The earnings call is scheduled for 5:00 p.m. Eastern Time on the same day, with access to the webcast and replay available on Rumble's Investor Relations website.
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