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

Rumble (NASDAQ:RUM) issued its earnings results on Tuesday. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $30.20 million during the quarter, compared to the consensus estimate of $29.74 million. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. Rumble updated its Q1 2025 guidance to EPS.

Rumble Price Performance

Shares of NASDAQ:RUM traded up $0.02 on Tuesday, hitting $8.03. 1,074,638 shares of the company’s stock were exchanged, compared to its average volume of 3,099,465. The business’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $8.47. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -12.82 and a beta of 0.56. Rumble has a 12 month low of $4.92 and a 12 month high of $17.38.

Insider Transactions at Rumble

In other news, Director Ryan Milnes sold 24,978,210 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 $187,336,575.00. Following the transaction, the director now owns 57,290 shares of the company’s stock, valued at approximately $429,675. This represents a 99.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Tyler Hughes sold 312,727 shares of Rumble stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $7.50, for a total value of $2,345,452.50. Following the completion of the sale, the chief operating officer now owns 65,127 shares of the company’s stock, valued at $488,452.50. The trade was a 82.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,104,017 shares of company stock worth $308,280,128. Insiders own 70.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on Rumble in a report on Wednesday, January 15th. They set a “buy” rating and a $20.00 price objective on the stock.

About Rumble

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.