Core Viewpoint - Rumble has entered into a definitive agreement for a strategic investment of $775 million from Tether, aimed at enhancing its growth initiatives and providing liquidity to stockholders through a self tender offer [5][18]. Transaction Details - Tether will purchase 103,333,333 shares of Rumble Class A Common Stock at a price of $7.50 per share, totaling $775 million in gross proceeds [8]. - The investment and tender offer are expected to close in the first quarter of 2025 [10]. - The completion of the investment is subject to customary closing conditions, including regulatory approvals [9]. Use of Proceeds - Rumble will allocate $250 million of the proceeds to support growth initiatives, while the remaining funds will be used for a self tender offer for up to 70 million shares of its Class A Common Stock at the same price as Tether's investment [18][19]. Governance and Control - Following the transaction, Rumble's existing Board and governance structure will remain unchanged, with Chris Pavlovski retaining his controlling stake in the company [20]. Strategic Alignment - The collaboration between Rumble and Tether reflects shared values of decentralization, independence, and transparency, positioning Rumble as a credible alternative to legacy media [19].

Core Viewpoint - Rumble's stock is experiencing significant sell-offs due to macroeconomic risks and shaky business fundamentals, with a notable decline in share price [1][2][4] Group 1: Interest Rate Impact - Rumble's stock decline follows the Federal Reserve's recent interest rate news, including a 25-basis-point cut that was anticipated by investors [2][3] - The Federal Reserve's cautious outlook on future rate cuts, indicating only two additional cuts of 25 basis points next year, has negatively impacted the market, particularly affecting growth-dependent companies like Rumble [4] Group 2: Financial Performance - In its third-quarter report, Rumble reported revenue of $25.1 million, reflecting a 39% year-over-year increase and a 12% sequential quarterly increase [5] - The company posted a net loss of $31.5 million, which is an increase from a loss of $29 million in the same quarter last year [5] Group 3: User Engagement and Monetization - Rumble's engagement and monetization metrics are underwhelming, with only 67 million average monthly active users and a decrease in average revenue per user to $0.33 from $0.37 in the previous quarter [6] - There is a significant risk that user engagement momentum may weaken following the conclusion of the U.S. election season, which could further impact the company's growth [6]

LONGBOAT KEY, FL and NEW YORK, NY, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM), the high-growth video platform and cloud services provider, today announced that the much-anticipated fourth season of “Surviving Barstool” will move to Rumble, unedited and uncensored, beginning Monday, December 2, 2024. Rumble users and Barstool fans can subscribe to the Barstool Sports Rumble channel here and tune in to watch this season here. YouTube will only carry the censored version of Surviving Barstool. “Sur ...

LONGBOAT KEY, FL and NEW YORK, NY, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM), the high-growth video platform and cloud services provider, today announced that the much-anticipated fourth season of “Surviving Barstool” will move to Rumble, unedited and uncensored, beginning Monday, December 2, 2024. Rumble users and Barstool fans can subscribe to the Barstool Sports Rumble channel here and tune in to watch this season here. YouTube will only carry the censored version of Surviving Barstool. “Sur ...

LONGBOAT KEY, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today sued the California Attorney General and Secretary of State over a recently passed law that unconstitutionally punishes certain political speech. Rumble is represented by Alliance Defending Freedom (ADF), a non-profit law firm that defends the right to speak freely and which also represents the satirical website “The Babylon Bee” in a related lawsuit. The suit was filed in ...

Core Insights - Rumble has announced that Dr Disrespect will be streaming on its platform, providing exclusive content for his "Champions Club" community and leading Rumble Gaming [1][4] - Dr Disrespect's first stream on Rumble is scheduled for December 2, 2024, with a promotional discount for new subscribers [3] - Rumble aims to expand into gaming and crypto, with Dr Disrespect's involvement seen as a significant boost to its gaming category [4] Company Overview - Rumble is a high-growth video platform and cloud services provider focused on creating an independent infrastructure [5] - The company's mission is to restore the internet to its roots by making it free and open again [5]

Rumble's recently published third-quarter report arrived with troubling indicators for investors.Rumble (RUM -12.30%) stock is falling in Wednesday's trading following the company's recently published quarterly results. The streaming specialist's share price was down 12.5% as of 11 a.m. ET.Rumble published third-quarter earnings results after the market closed yesterday, posting sales and earnings that fell short of Wall Street's expectations. The company posted a loss of $0.15 per share on revenue of $25.0 ...

Financial Data and Key Metrics - Q3 2024 revenue was $25.1 million, up $7.1 million from Q3 2023, driven by a $5.9 million increase in audience monetization and $1.2 million from other initiatives [28] - ARPU decreased to $0.33 in Q3 2024 from $0.37 in Q2 2024 due to revenue growth lagging behind strong MAU growth [29] - Cost of services decreased to $36.4 million in Q3 2024 from $39.8 million in Q3 2023, primarily due to a $5.4 million reduction in content costs [31] - Cash, cash equivalents, and marketable securities stood at $132 million at the end of Q3 2024, down from $219.5 million at the end of 2023 [32] - Adjusted EBITDA loss improved to $23.5 million in Q3 2024 from $35.4 million in Q3 2023 [33] Business Line Performance - Rumble Premium exceeded expectations, with strong subscriber growth following the introduction of mid-roll ads in September 2024 [17][18] - The Rumble Advertising Center (RAC) saw significant growth, particularly during the U.S. presidential election, with record live streams, concurrent views, and revenue [11][12] - Rumble Cloud demonstrated its technical capabilities during the election, supporting high concurrent viewership and attracting enterprise customers [14][15] Market Performance - Rumble captured 17.8% of live hours watched in the U.S. on election day, compared to 71.2% for YouTube and 10% for Twitch [12] - The Rumble app ranked 3 in the Photo and Video category on the Apple App Store, ahead of YouTube [13] - Traditional TV networks saw ratings drop by up to 50% compared to the 2020 election, highlighting Rumble's growing influence [12] Strategic Direction and Industry Competition - Rumble positioned itself as a leader in the independent creator space, with a focus on free speech and monetization opportunities [7][10] - The company introduced a hybrid model combining YouTube's ad-free experience and Netflix's exclusive content, aiming to provide superior economics for creators [20] - The dismantling of GARM (Global Alliance for Responsible Media) removed a significant barrier to brand advertising, with the first major brand partnership set for December 2024 [23][25] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about the company's trajectory, citing strong user growth, monetization progress, and the potential for brand advertising partnerships [5][22] - The election results were seen as a turning point, with Rumble's user base now representing a majority that brands cannot ignore [22][26] - The company expects continued revenue growth in Q4 2024 and is targeting adjusted EBITDA breakeven by 2025 [30][33] Other Key Information - Rumble's programming and content agreements had a minimum contractual cash commitment of $38 million as of September 30, 2024, down from $106 million at the end of 2023 [31] - The company's cash usage improved by 25% in Q3 2024 compared to Q2 2024, reflecting better financial management [32] Q&A Session Summary Question: Visibility into forward advertising revenue and potential for formal guidance - Management highlighted the shift from direct response advertising to brand advertising, with the first major brand partnership set for December 2024 [36][38] - The company expects continued growth in advertising revenue, driven by the introduction of mid-roll ads and the dismantling of GARM [37][39] Question: Plans to retain high engagement post-election - Management emphasized product improvements and the premium offering as key drivers of user stickiness [45][47] - Early signs indicate strong retention of engagement, particularly among premium subscribers [46][48] Question: Status of Rumble Advertising Center tools and user interface - The Rumble Advertising Center is in its best state, with mid-roll ads significantly boosting both RAC and Premium revenue [50][52] - Further optimizations are planned, but the current setup is delivering strong results [52] Question: Sales cycle for Rumble Cloud and future prospects - The sales cycle for Rumble Cloud remains long but is progressing, with potential deals involving large enterprises and government clients [53][54] - Recent wins, such as the Miami Dolphins deal, demonstrate the platform's growing appeal [53] Question: Revenue seasonality expectations for Q4 2024 - Management expects continued sequential revenue growth in Q4 2024, driven by the full-quarter impact of mid-roll ads and strong performance in RAC [57][58]

The conservative media site is finally cashing on Trump's victory.Shares of Rumble (RUM 18.00%) surged today as it continued to ride a wave of support following President-elect Trump's victory last Tuesday. It was one of several stocks in the so-called "Trump trade" to gain on Monday as Tesla and cryptocurrencies like Bitcoin also popped. There wasn't any major company-specific news out on Rumble, which is essentially a conservative alternative to YouTube, but there was one item that could have spurred gain ...

Rumble Inc. (RUM) shares soared 6.6% in the last trading session to close at $6.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.3% gain over the past four weeks.Rumble is benefiting from its role as a free-speech focused video platform and its recent cloud expansion, appealing to clients and advertisers seeking an alternative to the major tech companies.This company is expected to post quarterly loss of $0.13 per share in i ...