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 ...

LONGBOAT KEY, Fla., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced the Company has closed its strategic investment of $775 million from Tether ($USDT) (“Tether”), the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 400 million users. Over the last few years, Tether has become one of the most recognized symbols for financial inc ...

Core Viewpoint - Rumble has successfully completed a tender offer to purchase up to 70 million shares of its Class A common stock at a price of $7.50 per share, totaling an aggregate purchase price of $525 million [1][3]. Group 1: Tender Offer Details - The tender offer expired on February 4, 2025, at 5:00 p.m. New York City time [1]. - A total of 70,061,168 shares were validly tendered and not properly withdrawn, with Rumble accepting 70,000,000 shares on a pro-rata basis [2][3]. - The proration factor for the tender offer was 0.9991284, meaning nearly all tendered shares were accepted [3]. Group 2: Shareholder Participation - The tender offer was part of a Transaction Agreement with Tether Investments Limited, dated December 20, 2024 [4]. - Existing stockholders, including executive officers and directors, tendered the majority of the shares, having entered into separate agreements to support the tender offer [4]. Group 3: Company Overview - Rumble is a high-growth video-sharing platform and cloud services provider aiming to create an independent infrastructure and restore the internet to its roots by making it free and open [6].

Core Viewpoint - Rumble's stock is experiencing a significant increase due to recent developments in the cryptocurrency space, particularly following an executive order by President Trump aimed at exploring a U.S. cryptocurrency reserve program [2][4]. Company Developments - Rumble's share price rose by 5.1% despite declines in major indices, with an earlier peak increase of 9.3% during the trading session [1]. - The company is making strides in the cryptocurrency sector, having recently announced its first investment in Bitcoin and plans to pay creators on its platform in Bitcoin [5]. - Rumble secured a $775 million investment deal from the parent company of the Tether stablecoin, which has contributed to positive investor sentiment regarding its crypto-related initiatives [4]. Industry Context - The executive order issued by Trump outlines new protections for cryptocurrency miners, developers, and owners, which could benefit companies like Rumble that are entering the crypto space [3]. - The order also sets the stage for the U.S. to explore the creation of a cryptocurrency reserve and support for stablecoins tied to the U.S. dollar [4]. - Despite the positive developments in the crypto sector, Rumble's core video streaming business is facing challenges, including disappointing user engagement and monetization metrics [6].

Core Viewpoint - Rumble (RUM) has experienced significant stock growth of 253% over the past 12 months, outperforming the broader Computer & Technology sector and the Internet - Software industry, driven by strong audience monetization and user engagement, particularly during the U.S. presidential election [1][2]. Group 1: Financial Performance - In Q3 2024, Rumble reported a rise in monthly active users (MAUs) to 67 million, which has positively impacted its monetization efforts [2]. - The Zacks Consensus Estimate for Rumble's 2025 revenues is projected at $113.38 million, reflecting a year-over-year growth of 18.49% [13]. - The consensus for 2025 loss per share is estimated at 35 cents, indicating a year-over-year increase of 44.44% [13]. Group 2: Market Position and Competition - Rumble has outperformed competitors like Amazon Web Services (AWS) and Google Cloud, which returned 45.2% and 36.2% respectively over the same period [2]. - The company's cloud services have gained traction, particularly during high-traffic periods like elections, enhancing its appeal to enterprise customers [5]. Group 3: Strategic Partnerships and Expansions - Rumble entered a strategic cloud services agreement with the Government of El Salvador in January 2025, which includes various cloud services, reinforcing its position in the cloud market [6][7]. - In October 2024, Rumble secured Sticker Mule as a cloud client, enhancing its technological credibility through collaboration with NVIDIA [8]. Group 4: Product and Service Development - Rumble launched its app on Xbox in Q3 2024, expanding its video distribution and supporting the independent creator economy [10]. - The introduction of Rumble Premium and exclusive content has driven strong subscriber growth, adding value for both viewers and creators [10]. Group 5: Advertising and Revenue Growth - The dissolution of the Global Alliance for Responsible Media allowed Rumble to secure its first major brand advertising deal, boosting its revenue streams [11][12]. - Rumble increased its advertising inventory by introducing mid-roll ads across various platforms, enhancing user experience and revenue [12]. Group 6: Challenges and Considerations - Despite strong user growth, Rumble's monetization has lagged, with a decrease in Average Revenue Per User from 37 cents in Q2 2024 to 33 cents in Q3 2024 [15]. - Rumble faces intense competition in the cloud services market, which may impact its growth prospects [15].

Group 1 - Rumble stock experienced significant gains in 2024, with a share price increase of 189.8% according to S&P Global Market Intelligence [1] - The stock's rise was attributed to new content deals, political support, and a foray into the cryptocurrency market [2] - A partnership with Barstool Sports contributed to early gains by bringing content and advertising opportunities to Rumble's platform [3] Group 2 - The stock saw upward momentum following Donald Trump's presidential election victory, as the platform's content aligns with right-leaning political views [4] - Rumble announced a cryptocurrency strategy on November 25, planning to purchase up to $20 million in Bitcoin, which positively impacted the stock price [5] - On December 20, Rumble secured $775 million in investment from Tether, selling new stock at $7.50 per share, with plans to use $250 million for growth and $525 million for stock buybacks [6] Group 3 - In early 2025, Rumble stock faced a significant pullback, with a year-to-date decline of 15.8% [8] - The decline is linked to rising macroeconomic risks, including concerns over inflation and the Federal Reserve's potential approach to interest rates, which could negatively affect growth stocks [9] - Rumble's current valuation is approximately 27.4 times expected sales, indicating a high dependency on growth, with potential for further share price contraction amid macroeconomic pressures [10]