Rumble (NASDAQ:RUM) Posts Earnings Results, Misses Estimates By $1.02 EPS

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

Rumble Price Performance

Shares of NASDAQ:RUM traded down $0.04 during midday trading on Tuesday, hitting $7.98. The company had a trading volume of 1,231,559 shares, compared to its average volume of 3,099,465. The company has a market cap of $3.11 billion, a price-to-earnings ratio of -12.62 and a beta of 0.56. The company has a fifty day moving average of $10.52 and a two-hundred day moving average of $8.47. Rumble has a 12-month low of $4.92 and a 12-month high of $17.38.

Analysts Set New Price Targets

Separately, Maxim Group started coverage on shares of Rumble in a research report on Wednesday, January 15th. They issued a “buy” rating and a $20.00 target price for the company.

Insider Activity

In related news, insider Claudio Ramolo sold 4,812,646 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $36,094,845.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ryan Milnes sold 24,978,210 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $7.50, for a total value of $187,336,575.00. Following the completion of the transaction, the director now directly owns 57,290 shares in the company, valued at approximately $429,675. This represents a 99.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,104,017 shares of company stock valued at $308,280,128 in the last ninety days. Corporate insiders own 70.10% of the company’s stock.

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.