Rumble shares slide on fourth quarter earnings miss

Core Viewpoint - Rumble Inc experienced a significant decline in share price, nearly 15%, following disappointing fourth quarter earnings that showed a year-over-year revenue decline and missed Wall Street expectations [1] Financial Performance - Q4 revenue was reported at $27.1 million, a decrease of 10.5% from the same period in 2024, and fell short of the estimated $29 million [1] - The company reported a loss per share of $0.13, which was worse than the expected loss of $0.10 [1] - Adjusted EBITDA for the quarter was negative $16 million, compared to a loss of $13.4 million in Q4 2024 [2] - Average global monthly active users (MAUs) reached 52 million in Q4, reflecting an 11% sequential increase, primarily due to international expansion efforts [2] - Average revenue per user increased by 2% quarter over quarter to $0.46 [2] - Rumble surpassed $100 million in annual revenue for the first time in its history [2] Strategic Initiatives - The company signed an agreement to acquire AI infrastructure firm Northern Data AG, which is expected to enhance Rumble Cloud's computing capabilities with over 22,000 NVIDIA GPUs [3] - Rumble secured a $100 million advertising commitment from Tether, structured over two years [3] - Partnerships were announced with AI platform Perplexity and the NFL's Cleveland Browns [3] Management Commentary - Chris Pavlovski, Rumble's CEO, stated that the company has reached an inflection point, indicating that investments made in 2025 in various areas are beginning to yield positive results [4]