NASDAQ$RUM
Rumble Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Rumble's Q4 2023 results were released, showing a slight revenue increase and strategic focus on product development.
Rumble Inc. reported a 2% increase in revenue for Q4 2023, reaching $20.4 million. The company's focus on product development led to the public launch of Rumble Cloud. They anticipate increased revenue in Q2 2024 and are aiming for breakeven in 2025.
- Revenue increased by 2% to $20.4 million compared to Q4 2022.
- Cost of services increased to $39.5 million due to higher programming and content costs.
- Cash, cash equivalents, and marketable securities totaled approximately $219.5 million as of December 31, 2023.
- The company is focused on leveraging its product suite to drive topline growth and achieve breakeven in 2025.
Headline financials
Revenue & EPS history
Rumble · Revenue · Quarterly
$20.4M
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 expects revenue to increase sequentially beginning in the second quarter of 2024 and continues to move materially towards breakeven in 2025.
Tailwinds
- Revenue expected to increase sequentially beginning in Q2 2024
- Revenue engines coming online
- Guaranteed creator commitments set to significantly decrease by the end of 2024 and into 2025
- Moving materially towards breakeven in 2025
- Focus on selling to yield topline momentum
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 Q4 2023
-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 |
|---|---|---|---|---|
| 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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