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Dec 31, 2024
Rumble Q4 2024 Earnings Report
Rumble reported record Q4 2024 revenue growth, driven by increased advertising and subscription income, alongside significant user growth in North America but a net loss due to derivative-related expenses.
Key Takeaways
Rumble achieved Q4 2024 revenue of $30.2 million, up 48% year-over-year. The company reported a net loss of $236.8 million, primarily due to a $184.7 million derivative-related expense linked to Tether’s strategic investment. Monthly active users reached 68 million, with 52 million in the U.S. and Canada, representing strong sequential growth. The company improved adjusted EBITDA losses by $16.6 million compared to the previous year.
Q4 2024 revenue increased by 48% to $30.2 million.
Net loss of $236.8 million, primarily due to derivative expenses.
Monthly active users reached 68 million globally, with 52 million in North America.
Adjusted EBITDA loss improved by $16.6 million year-over-year.
Rumble
Rumble
Forward Guidance
Rumble expects at least 25% revenue growth in Q1 2025, focusing on reaching adjusted EBITDA breakeven and expanding cloud services and platform monetization.
Positive Outlook
- Revenue growth of at least 25% expected in Q1 2025.
- Focus on achieving adjusted EBITDA breakeven in 2025.
- New capital from Tether provides growth investment opportunities.
- Expansion into cloud services with new government contracts.
- Growing roster of exclusive content creators boosting engagement.
Challenges Ahead
- Potential volatility from derivative-related financial impacts.
- Continued operating losses as investments scale up.
- Competitive pressure in the digital content and cloud sectors.
- Economic uncertainties could affect advertising budgets.
- Risk of regulatory challenges related to content moderation and cryptocurrency integration.