Rumble (NASDAQ:RUM) Announces Earnings Results

Rumble (NASDAQ:RUM) issued its quarterly earnings results on Tuesday. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($1.02), Briefing.com reports. The business had revenue of $30.20 million during the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative net margin of 152.81% and a negative return on equity of 62.75%. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. Rumble updated its Q1 2025 guidance to EPS.

Rumble Stock Down 2.5 %

Shares of RUM opened at $7.83 on Thursday. The stock’s 50-day moving average price is $10.42 and its 200 day moving average price is $8.49. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -12.43 and a beta of 0.56. Rumble has a 12-month low of $4.92 and a 12-month high of $17.38.

Analyst Upgrades and Downgrades

Several research analysts have commented on RUM shares. Wedbush dropped their price target on Rumble from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday. Maxim Group assumed coverage on shares of Rumble in a research report on Wednesday, January 15th. They set a “buy” rating and a $20.00 target price on the stock.

Insiders Place Their Bets

In other news, COO Tyler Hughes sold 312,727 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $2,345,452.50. Following the completion of the transaction, the chief operating officer now owns 65,127 shares in the company, valued at approximately $488,452.50. This represents a 82.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Claudio Ramolo sold 4,812,646 shares of Rumble stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $36,094,845.00. Following the sale, the insider now owns 14,283 shares in the company, valued at approximately $107,122.50. This trade represents a 99.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is currently owned by company insiders.

About Rumble

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.