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Mar 31, 2024
RumbleON Q1 2024 Earnings Report
RumbleOn's Q1 2024 earnings were reported showing an improvement in adjusted EBITDA despite lower revenue, and a shift from operating loss to operating income.
Key Takeaways
RumbleOn reported a decrease in revenue but improved profitability in Q1 2024. The company achieved $5.2 million in operating income, a significant improvement from the previous year's operating loss. Adjusted EBITDA increased by 8.3% to $11.7 million, despite an 8.0% decrease in revenue to $307.8 million.
New powersports unit retail sales increased by 0.6% year-over-year.
Pre-owned powersports unit retail sales decreased by 13.4% year-over-year.
Company revenue decreased by 8.0% year-over-year.
Operating income was $5.2 million, a significant improvement from the prior year's operating loss.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance for future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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