From GlobeNewswire: 2025-03-25 08:30:00

Rumble Inc. announced record revenues of $30.2 million, a 48% increase year-over-year, and 68 million Monthly Active Users (MAUs) in Q4 2024, with 52 million in the U.S. and Canada. The company received a $775 million strategic investment from Tether and reported reduced cash usage for the fifth consecutive quarter.

Rumble also saw an increase in Average Revenue Per User (ARPU) to $0.39 and a net loss of $236.8 million in Q4 2024. The company announced a $20 million corporate treasury diversification strategy into Bitcoin and entered into a cloud services agreement with the Government of El Salvador.

Rumble gained $250 million in gross proceeds from Tether’s strategic investment and welcomed Dr Disrespect to the platform. The White House established an official channel on Rumble, and popular content creator Tim Pool joined with exclusive programming. Rumble filed a lawsuit against Brazilian Supreme Court Justice Alexandre de Moraes and disclosed purchases of $17.1 million in Bitcoin.

Rumble’s Chairman and CEO Chris Pavlovski highlighted the company’s 48% year-over-year growth in Q4 2024, emphasizing the 21% increase in U.S. and Canada MAUs to 52 million. He praised the $775 million strategic investment from Tether and the company’s alignment with cryptocurrency and free speech communities. Rumble closed a Tether transaction, ushering in a new era. Q4 of 2024 saw revenues of $30.2 million, a 48% increase from the previous year. Cost of services decreased by $5 million, while general and administrative expenses dropped by $2.4 million. Research and development expenses rose by $0.8 million, and sales and marketing expenses increased by $0.6 million. Looking ahead, revenue growth of at least 25% is expected for Q1 of 2025. Adjusted EBITDA breakeven is on the horizon, with increased investment options from Tether capital. Fully diluted capitalization as of December 31, 2024, included 205,586,124 Class A Common Stock shares and 73,138,562 options, warrants, and RSUs. Rumble’s fully diluted capitalization as of March 12, 2025, includes 260,131,277 shares of Class A Common Stock, 51,859,668 options, warrants & RSUs, and more. Earnout conditions involve additional shares if stock prices hit certain targets. Non-economic, voting shares are also part of the structure, with a conference call scheduled for March 25, 2025.

Monthly Active Users (MAUs) are used to measure audience engagement, with Google analytics providing data on web, mobile app, and connected TV users. Universal Analytics was phased out in 2023, replaced by Google Analytics 4 (GA4) for MAU calculations. Average Revenue Per User (ARPU) is calculated as quarterly Audience Monetization revenue divided by MAUs. Rumble, a video platform and cloud services provider, aims to create an independent infrastructure for a free and open internet. Their non-GAAP financial measures include Adjusted EBITDA, which excludes certain expenses to identify core operating performance trends. Forward-looking statements in their press release highlight expectations for future results and key performance indicators. The company’s management emphasizes the importance of considering Adjusted EBITDA alongside GAAP financial information. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by 500 points due to concerns over rising interest rates and inflation.

2. A new study found that 80% of Americans are experiencing financial stress, with factors such as job loss, medical bills, and debt contributing to their anxiety.

3. The unemployment rate decreased to 4.2% this month, with 450,000 new jobs added to the economy. This is a positive sign of economic recovery following the pandemic.

4. The housing market continues to boom, with home prices increasing by 10% compared to last year. Low mortgage rates and high demand are driving this trend.

5. In international news, the European Union announced a new trade agreement with Japan, which is expected to boost economic growth and create new opportunities for businesses in both regions. 1. The stock market saw a sharp decline today, with the S&P 500 dropping 2% and the Dow Jones falling 500 points. This was largely attributed to concerns over rising inflation and the impact it may have on the economy.

2. The unemployment rate in the United States has dropped to 4.8%, the lowest it has been since the start of the pandemic. This marks a significant improvement in the job market, with 431,000 jobs added in the past month.

3. The FDA has granted emergency use authorization for a new COVID-19 vaccine for children ages 5-11. This marks a major milestone in the fight against the pandemic, with millions of children now eligible to receive the vaccine.

4. In international news, tensions are rising between Russia and Ukraine, with reports of increased military activity along the border. The United States and other Western countries have expressed concern over the situation and are calling for a peaceful resolution.

5. In tech news, Apple has announced the release of its new iPhone 13, featuring improved cameras, longer battery life, and a faster processor. The new model is expected to be a major hit with consumers and is already available for pre-order.



Read more at GlobeNewswire:: Rumble Reports Fourth Quarter and Full Year 2024 Results