Core Viewpoint - Rumble has added approximately 188 Bitcoin to its treasury at an average price of about $91,000 per coin, aligning with its strategy to allocate up to $20 million to Bitcoin, highlighting its commitment to cryptocurrency as a strategic asset [1][2]. Company Strategy - The acquisition of Bitcoin is part of Rumble's treasury strategy and a broader initiative to strengthen its connections within the cryptocurrency industry, viewing Bitcoin as a hedge against inflation and a non-dilutive asset compared to traditional currencies [2]. - The company emphasizes its role as a leading video and cloud services platform for the crypto community, integrating cryptocurrency into its operational framework [2]. Financial Details - Rumble's Bitcoin purchase reflects a significant investment, with the total allocation strategy set at up to $20 million, indicating a strong belief in the long-term value of Bitcoin [1][2]. - The average purchase price of Bitcoin was approximately $91,000, which positions the company strategically in the cryptocurrency market [1]. Company Overview - Rumble is characterized as a high-growth video platform and cloud services provider, aiming to create an independent infrastructure and restore the internet to its foundational principles of freedom and openness [3].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [5][7]. Core Insights - Rumble is positioned as a challenger to major tech monopolies, promoting a fair and free video platform. The company has seen significant growth potential through advertising revenue driven by Monthly Active Users (MAU) and Average Revenue Per User (ARPU) [5][7]. - The strategic investment of $775 million from Tether, a leading stablecoin company, is expected to enhance Rumble's growth and expansion plans [5][7]. - The company is focusing on diversifying its revenue streams, including cloud services and cryptocurrency integration, which are anticipated to provide additional growth avenues [5][7]. Summary by Sections Market Performance - As of February 26, 2025, Rumble's closing price was $9.18, with a market capitalization of $3.6 billion and a total share count of 390 million [3]. Financial Projections and Valuation - Revenue forecasts for 2024-2027 are projected at $94.1 million, $180.9 million, $420.0 million, and $1.188 billion respectively, with corresponding net profits of -$115.9 million, -$0.3 million, $56.2 million, and $216.2 million [6][7]. - The Price-to-Sales (P/S) ratios for the same years are expected to be 38.01, 19.77, 8.51, and 3.01 [6][7]. Key Assumptions - The monetization of revenue is based on the product of quarterly ARPU and average MAU, with expected ARPU growth rates of -6%, 35%, 60%, and 80% from 2024 to 2027 [8]. - MAU is anticipated to grow at rates of 15%, 50%, 50%, and 60% over the same period, driven by increased content creator engagement and political events [8]. Investment Logic - Rumble's commitment to a free speech platform has attracted a unique user base, and its advertising revenue is expected to benefit from both MAU and ARPU growth [7][8]. - The company is leveraging its cloud services to ensure data autonomy and expand its service offerings, which is expected to enhance its competitive position [7][8]. - The partnership with Tether is set to facilitate the integration of cryptocurrency payment options, providing content creators with diverse income sources [7][8].

Core Viewpoint - Rumble celebrates a U.S. federal court ruling that Brazilian Supreme Court Justice Alexandre de Moraes's censorship orders lack legal force in the United States, marking a victory for free speech and digital sovereignty [1][2][3][4]. Group 1: Court Ruling Details - The U.S. District Court for the Middle District of Florida ruled that Moraes's directives were not properly served under U.S. or international law, as they were not delivered through valid legal mechanisms [2]. - The court emphasized that Rumble and Trump Media are not obligated to comply with these unlawful censorship demands, and no U.S. entity is required to enforce them [2][3]. Group 2: Implications of the Ruling - The ruling indicates that any attempts to enforce these illegal orders on U.S. soil will be met with intervention to protect American companies and uphold free speech [3]. - The case is positioned as a broader fight against foreign judicial overreach attempting to silence speech in the U.S., reinforcing that such censorship has no place in the country [4]. Group 3: Company Background - Rumble is described as a high-growth video platform and cloud services provider focused on creating an independent infrastructure and restoring the internet to its free and open roots [5].

Core Viewpoint - Rumble celebrates a U.S. federal court ruling that Brazilian Supreme Court Justice Alexandre de Moraes's censorship orders lack legal force in the United States, marking a victory for free speech and digital sovereignty [1][2][3] Legal Ruling - The court ruled that Moraes's directives were not properly served under U.S. or international law, as they were not delivered through valid legal mechanisms such as the Hague Convention or the U.S.-Brazil Mutual Legal Assistance Treaty [2] - Rumble and Trump Media are not obligated to comply with these unlawful censorship demands, and no U.S. entity is required to enforce them [2] Implications for Free Speech - The court is prepared to intervene if anyone attempts to enforce these illegal orders on U.S. soil, sending a strong message to foreign governments against bypassing U.S. law to impose censorship [3] - The ruling emphasizes that Moraes's censorship campaign is not acceptable in the United States, reinforcing the principle of free speech [4] Company Position - Rumble and Trump Media will continue to advocate for free speech, viewing the ruling as a significant victory in their ongoing battle against censorship [4] - The court's decision denied the Temporary Restraining Order (TRO) as unnecessary, confirming that Moraes's orders are invalid and unenforceable in the U.S. [4]

Core Viewpoint - Trump Media and Technology Group Corp. (TMTG) and its partner Rumble have filed an emergency motion in U.S. federal court to stop the suspension of Rumble in Brazil, which was ordered by a Brazilian judge due to non-compliance with gag orders [1][2][3] Company Overview - TMTG operates Truth Social, a social media platform aimed at providing a safe space for free expression amidst increasing censorship by major tech companies [4] - The company also runs Truth+, a TV streaming platform focused on family-friendly content, and is launching Truth.Fi, a financial services brand [4] Legal Context - Brazilian Supreme Court Justice Alexandre de Moraes issued gag orders against Rumble, demanding censorship of a journalist's account, which Rumble refused to comply with [2] - Following the refusal, Moraes suspended Rumble in Brazil, imposed daily fines, and threatened the CEO with criminal charges [2][3] - TMTG and Rumble's emergency motion seeks a temporary restraining order and preliminary injunction against Moraes' actions [2][3] Leadership Statement - TMTG CEO Devin Nunes criticized Moraes' actions as abuses of power, likening them to tactics used by authoritarian regimes, and emphasized the importance of resisting censorship [3]

LONGBOAT KEY, Fla., Feb. 23, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today released the following statement from CEO and Chairman Chris Pavlovski regarding the recent appointment of content creator Dan Bongino as Deputy Director of the FBI in the Trump Administration: “Dan Bongino is a pioneer and a free speech warrior, and it has been an honor to host his content on Rumble. More than just that, he has been a mentor to me personally through these ...

LONGBOAT KEY, Fla, Feb. 19, 2025 (GLOBE NEWSWIRE) --   Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that it has filed a lawsuit along with the Trump Media & Technology Group (TMTG—owners of TRUTH Social) against Brazilian Supreme Court Justice Alexandre de Moraes, alleging that Moraes violated the free speech protections of the First Amendment when he ordered the suspension of the U.S.-based accounts of a specific well-known, politically outspoken user. Rumble ...

Core Insights - Rumble's stock experienced a significant decline of over 11% this week despite securing a contract with a high-profile client, President Donald Trump, for streaming services [1][2] - The primary concern for investors was the substantial insider selling, particularly by key executives, which overshadowed the positive news of the contract [3] Company Performance - Rumble announced that President Trump established an official White House channel on its platform, which was anticipated given the political alignment of its content [2] - Insider selling included CEO Christopher Pavlovski unloading nearly 355,000 shares, leaving him with just under 523,000 shares, while CFO Brandon Alexandroff sold over 8.8 million shares and Chief Content Officer Ramolo Claudio sold more than 6.2 million shares [3] Market Reaction - The market reacted negatively to the insider sales, leading to a sell-off of Rumble's stock, despite the potential positive impact of the Trump contract [4] - The fundamental performance of Rumble as a business remains critical for its stock price movement, beyond the influence of insider trades [5]

LONGBOAT KEY, Fla., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that popular content creator Tim Pool is bringing his programming to Rumble, with much of it becoming available exclusively on Rumble Premium. The content is available on Rumble as of February 11, 2025. “We are thrilled to welcome Tim Pool to Rumble and look forward to his blunt and insightful commentary and conversations with interesting guests on topics people ...

LONGBOAT KEY, Fla. and WASHINGTON, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Rumble, (NASDAQ: RUM), the high-growth video platform and cloud services provider, today announced that U.S. President Donald Trump has established an official White House channel on the platform. The White House channel can be found at https://rumble.com/whitehouse. ABOUT RUMBLE Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to ...