RUM Earnings Prediction
The chart below shows how RUM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RUM sees a -1.32% change in stock price 10 days leading up to the earnings, and a -4.10% change 10 days following the report. On the earnings day itself, the stock moves by -0.43%. This data can give you a slight idea of what to expect for the next quarter's release.
RUM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
25.06M
39.34%
11.51%
Gross Margin
-57.87%
-55.00%
-22.54%
Operating Margin
-130.97%
-42.71%
-24.15%
Net Margin
-125.87%
-22.01%
5.60%
EPS
-0.15
-7.14%
15.38%
No Data Available
RUM Earnings Analysis
Rumble Inc. Class A Common Stock Corporation (RUM.O) Earnings Conference Call
Positive
Revenue Increase Analysis: For the third quarter of 2024, we reported revenues of $25.1 million compared to $18 million for Q3 2023, an increase of $7.1 million, of which $5.9 million is attributable to an increase in audience monetization revenues.
ARPU Decline: For the third quarter, we reported ARPU of $0.33 compared to $0.37 in the second quarter.
Cost of Services Decrease: Cost of services decreased to $36.4 million for the quarter compared to $39.8 million in the third quarter of 2023, a decrease of $3.3 million.
Cash Position Decline: We ended the third quarter of 2024 with approximately $132 million in cash, cash equivalents, and marketable securities compared to $219.5 million as of December 31, 2023.
EBITDA Loss Comparison: Adjusted EBITDA loss for the third quarter 2024 was $23.5 million compared to a loss of $35.4 million in the third quarter of 2023.
Negative
Q3 Revenue Increase: For the third quarter of 2024, we reported revenues of $25.1 million compared to $18 million for Q3 2023, an increase of $7.1 million, of which $5.9 million is attributable to an increase in audience monetization revenues and $1.2 million is attributable to higher other initiative revenues.
ARPU Decline: For the third quarter, we reported ARPU of $0.33 compared to $0.37 in the second quarter.
Contractual Cash Commitment Decline: As of September 30th, 2024, our programming and content agreements had a minimum contractual cash commitment of $38 million, down from $106 million at December 31st, 2023.
Cash Position Decline: We ended the third quarter of 2024 with approximately $132 million in cash, cash equivalents, and marketable securities compared to $219.5 million as of December 31st, 2023.
Adjusted EBITDA Loss Comparison: Adjusted EBITDA loss for the third quarter 2024 was $23.5 million compared to a loss of $35.4 million in the third quarter of 2023.
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RUM Earning Call Sentiment
Rumble Inc. (RUM) Q3 2024 Earnings Call Transcript
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00:00
00:00
RUM.O
-5.58%Positive
The earnings call reveals mixed sentiments. Positive factors include a major brand advertising partnership, strong user growth, and reduced cash usage. However, ARPU has decreased, cash reserves have significantly dropped, and competitive pressures remain high. Management's optimistic guidance on revenue and EBITDA breakeven is countered by vague responses on advertising revenue visibility. Given the market cap, these mixed signals suggest a neutral stock price movement in the next two weeks.
