earnings
confidence high
sentiment positive
materiality 0.75
Rumble reports Q2 revenue $22.5M (+27% QoQ), introduces ARPU $0.37, MAUs 53M
Rumble Inc.
2024-Q2 EPS reported
-$0.35
revenue$40,202,999
- Revenue $22.5M, up 27% sequentially from Q1 2024 ($17.7M) but down 10% YoY from Q2 2023 ($25.0M); net loss not disclosed in summary.
- Introduced ARPU KPI at $0.37, up 19% QoQ from $0.31; will discontinue reporting Minutes Watched and upload hours after Q2.
- Average MAUs 53M (37M U.S./Canada), up from 50M Q1; record 718,909 concurrent live viewers during Biden-Trump debate.
- Filed second antitrust lawsuit vs Google for online ad monopolization; alleged damages >$1B (before trebling); first lawsuit trial set May 2025.
- Cash & marketable securities $154.2M; expects sequential revenue growth through 2024 and Adj EBITDA breakeven in 2025.