Rumble (NASDAQ:RUM) Posts Quarterly Earnings Results

Rumble (NASDAQ:RUM) posted its 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 firm had revenue of $30.20 million for the quarter, compared to analyst estimates of $29.74 million. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. Rumble updated its Q1 2025 guidance to EPS.

Rumble Stock Up 0.2 %

RUM opened at $8.03 on Wednesday. Rumble has a 52 week low of $4.92 and a 52 week high of $17.38. The business has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $8.49. The company has a market cap of $3.13 billion, a PE ratio of -12.75 and a beta of 0.56.

Insider Buying and Selling at Rumble

In other Rumble news, Director Ryan Milnes sold 24,978,210 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $187,336,575.00. Following the completion of the transaction, the director now owns 57,290 shares in the company, valued at approximately $429,675. This represents a 99.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Tyler Hughes sold 312,727 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 $2,345,452.50. Following the completion of the sale, the chief operating officer now directly owns 65,127 shares in the company, valued at approximately $488,452.50. The trade was a 82.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, 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.

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.