NASDAQ$RUM
Rumble Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Revenue grew sequentially by 27% to $22.5 million and ARPU increased by 19% over the first quarter.
Rumble Inc. reported a 27% sequential increase in revenue, reaching $22.5 million for the second quarter of 2024. The company introduced Average Revenue Per User (ARPU) as a new KPI, which increased by 19% compared to the first quarter of 2024.
- Revenue increased sequentially by 27% to $22.5 million.
- Average Revenue Per User (ARPU) increased by 19% over the first quarter, reaching $0.37.
- Cost of services decreased to $35.7 million compared to $40.8 million in the second quarter of 2023.
- The company expects revenues to continue to increase sequentially throughout 2024.
Headline financials
Revenue & EPS history
Rumble · Revenue · Quarterly
$22.5M
Revenue by segment
Rumble · $40.4M total across 2 segments · Q2 2026
- Audience Monetization$27.1M—67.0%
- Other Initiatives$13.3M—33.0%
Forward guidance
Rumble anticipates continued sequential revenue growth throughout 2024, driven by sponsorship agreements and political advertising. The company expects to move materially towards Adjusted EBITDA breakeven in 2025.
Tailwinds
- Sponsorship agreements with advertisers are expected to perform as expected.
- Political advertising is expected to ramp up as the election cycle intensifies.
- Revenues are expected to continue to increase sequentially throughout 2024.
- The company aims to ramp up monetization efforts.
- The company intends to maintain discipline around its cost structure.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
-0.3%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-1.9%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+19.8%
Q1 2025
Best reaction
-14.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -1.7% | -14.9% | -13.8% | |
| Q4 2025 | -12.8% | -0.5% | -11.2% | |
| Q3 2025 | +10.9% | -4.2% | +22.9% | |
| Q2 2025 | +2.8% | +0.3% | -4.7% | |
| Q1 2025 | +19.8% | +33.0% | +18.4% | |
| Q4 2024 | +0.0% | -9.6% | +2.9% | |
| Q3 2024 | -14.4% | -22.2% | +13.3% | |
| Q2 2024 | +3.8% | +7.7% | -11.3% | |
| Q1 2024 | +2.7% | +5.7% | -17.5% | |
| Q4 2023 | -5.8% | -15.9% | -24.2% | |
| Q3 2023 | -4.1% | +7.9% | +0.9% | |
| Q2 2023 | +0.2% | -14.6% | -14.7% | |
| Q1 2023 | +0.8% | -2.1% | +0.4% | |
| Q4 2022 | +0.5% | -0.3% | -14.3% | |
| Q3 2022 | -9.7% | -22.8% | -38.3% | |
| Q2 2022 | -0.6% | -1.1% | +35.8% | |
| Q1 2022 | +0.2% | +1.4% | -7.6% | |
| Q4 2021 | +1.0% | +1.3% | -0.8% | |
| Q3 2021 | +0.3% | +0.1% | +28.2% |
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