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

Rumble (NASDAQ:RUM) released its quarterly earnings data on Tuesday. The company reported ($1.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($1.02), Briefing.com reports. Rumble had a negative return on equity of 62.75% and a negative net margin of 152.81%. The company had revenue of $30.20 million for the quarter, compared to analysts’ expectations of $29.74 million. Rumble’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 %

Rumble stock opened at $8.03 on Wednesday. The firm has a market capitalization of $3.13 billion, a PE ratio of -12.75 and a beta of 0.56. Rumble has a 52 week low of $4.92 and a 52 week high of $17.38. The firm’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $8.49.

Insider Buying and Selling at Rumble

In related news, CEO Christopher Pavlovski sold 354,849 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $7.50, for a total transaction of $2,661,367.50. Following the sale, the chief executive officer now owns 522,927 shares of the company’s stock, valued at $3,921,952.50. This trade represents a 40.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ryan Milnes sold 24,978,210 shares of the business’s stock in a transaction dated 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 directly owns 57,290 shares of the company’s stock, valued at $429,675. The trade was a 99.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,104,017 shares of company stock worth $308,280,128. 70.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Maxim Group began coverage on Rumble in a research note on Wednesday, January 15th. They set a “buy” rating and a $20.00 price target on the stock.

Rumble Company Profile

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.