NASDAQ$RUM
Rumble Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record revenues and MAU growth.
Rumble Inc. announced record revenues of $25.1 million for Q3 2024, a 39% increase year-over-year, and average MAUs of 67 million, up 26% quarter-over-quarter. The company also highlighted its fourth consecutive quarter of reduced cash usage.
- Revenues increased by $7.1 million to $25.1 million, a 39% increase compared to the same period last year.
- Audience Monetization revenues increased by $5.9 million due to higher advertising and subscription revenue.
- Cost of services decreased by $3.3 million to $36.4 million.
- Average MAUs were 67 million, marking the eleventh consecutive quarter above 40 million.
Headline financials
Revenue & EPS history
Rumble · Revenue · Quarterly
$25.1M
Revenue by segment
Rumble · $25.5M total across 2 segments · Q1 2026
- Audience Monetization$22.5M—88.5%
- Other Initiatives$2.93M—11.5%
Forward guidance
Rumble anticipates continued revenue growth for the remainder of 2024 and expects to move materially towards Adjusted EBITDA breakeven in 2025.
Tailwinds
- Continued revenue growth expected for the rest of 2024.
- Focus on ramping up monetization.
- Maintaining discipline around cost structure.
- Expectation to move materially towards Adjusted EBITDA breakeven in 2025.
- Company is optimistic about its opportunities.
Headwinds
- Limited operating history makes it difficult to evaluate the business and prospects.
- Recent and rapid growth may not be indicative of future performance.
- May not continue to grow or maintain active user base, and may not be able to achieve or maintain profitability.
- Risks relating to the ability to attract new advertisers, or the potential loss of existing advertisers.
- Rumble Cloud, our recently launched cloud services business, may not achieve success.
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 Q3 2024
-0.3%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-1.2%
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 |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -14.9% | — | |
| 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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