Business
Rumble Reports First Quarter 2025 Results
~ Revenue up 34% Year-over-Year to $23.7 Million ~ ~ Rumble Cloud Secures Contract with Government of El Salvador ~ ~ Significantly Improved MAU Retention
About this update from Rumble Inc.
[{"type":"text","content":"~ Revenue up 34% Year-over-Year to $23.7 Million ~ ~ Rumble Cloud Secures Contract with Government of El Salvador ~ ~ Significantly Improved MAU Retention Compared to 2022 Mid-Term Elections ~ ~ Tether Investment Completed, Balance Sheet Solidified ~ LONGBOAT KEY, Fla., May 08, 2025 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced financial results for the fiscal quarter ended March 31, 2025. Q1 2025 Key Highlights and Key Items Revenue for the first quarter was $23.7 million, an increase of 34% compared to $17.7 million in the first quarter of 2024.Average global Monthly Active Users (“MAUs”) were 59 million in the first quarter of 2025, compared to 68 million in the fourth quarter of 2024, reflecting 87% retention post 2024 U.S. general election. This compares to 60% retention post 2022 U.S. midterm election.Average Revenue Per User (“ARPU”) for the first quarter of 2025 was $0.34, a decrease of 13% from the fourth quarter of 2024. The decrease from the fourth quarter is attributable to lower advertising revenue offset by higher subscription revenue.Net loss for the first quarter was $2.7 million compared to a loss of $43.3 million in the first quarter of 2024.Adjusted EBITDA, a non-GAAP financial measure, was a loss of $22.7 million in the first quarter of 2025, representing an improvement of $3.8 million compared to the first quarter of 2024.As of March 31, 2025, Rumble had total liquidity of $318.7 million, consisting of $301.3 million in cash and cash equivalents and 210.82 Bitcoin, valued at $17.4 million. As of noon ET today, May 8, 2025, the Company’s Bitcoin holdings are valued at $21.3 million.On January 10, 2025, the Company announced it had entered into a cloud services agreement with the Government of El Salvador. The deal is emblematic of the increasing migration of the world toward companies that better align with the values of freedom.On February 10, 2025, the Company announced that the White House has established an official channel on the platform, which can be found at rumble.com/whitehouse.On February 11, 2025, the Company announced that popular content creator Tim Pool is bringing his programming to Rumble, with much of it becoming available exclusively through Rumble Premium.On February 19, 2025, the Company a...