Rumble’s fourth quarter saw revenue and user growth driven by new product launches and renewed engagement, but the market responded negatively due to a wider-than-expected loss. Management attributed the year-over-year sales decline to lower advertising, tipping, and hosting fees, partially offset by gains in subscriptions and licensing. CEO Chris Pavlovski emphasized the platform’s progress in “building and expanding the Rumble product,” including the introduction of features such as Rumble Shorts and the Rumble Wallet. The addition of high-profile creators and growth in international users also contributed to increased monthly active users and average revenue per user.
Is now the time to buy RUM? Find out in our full research report (it’s free for active Edge members).
Rumble (RUM) Q4 CY2025 Highlights:
- Revenue: $27.07 million vs analyst estimates of $27.09 million (10.5% year-on-year decline, in line)
- EPS (GAAP): -$0.13 vs analyst expectations of -$0.10 (36.8% miss)
- Adjusted EBITDA: -$16.03 million (-59.2% margin, 19.8% year-on-year decline)
- Operating Margin: -89.4%, down from -80.1% in the same quarter last year
- Market Capitalization: $1.89 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From Rumble’s Q4 Earnings Call
-
Thomas Forte (Maxim Group) asked how President of Sales Greg Sherrill will change Rumble’s advertising strategy. CEO Chris Pavlovski explained the company is now taking a proactive approach, targeting large agencies and new brand dollars.
-
Thomas Forte (Maxim Group) questioned how Rumble Shorts could impact advertising revenue. Pavlovski clarified that advertising will be withheld from Shorts until later in the year to prioritize user growth before monetization.
-
Jason Helfstein (Oppenheimer) asked about international user growth’s impact on ARPU. Pavlovski said international ARPU is low, but the company is experimenting with language/localization to see which markets can be monetized.
-
Rohit Kulkarni (ROTH Capital Markets) pressed for details on the timeline and returns for the Northern Data acquisition. Pavlovski said closing is on track for Q2, and the company will secure customer contracts before scaling hardware investment.
-
Jason Helfstein (Oppenheimer) inquired how Rumble will prioritize Tether’s $150 million cloud commitment versus other clients. Pavlovski responded that Tether will be treated as any major paying customer, with the company aiming to fulfill all contracted demand.
Catalysts in Upcoming Quarters
Heading into the next few quarters, our analysts are closely watching (1) the adoption and monetization pace of Rumble Shorts, (2) the initial performance of Rumble’s revamped brand advertising strategy and sales team, and (3) the closing and integration of the Northern Data acquisition for GPU cloud services. Additional signposts include the ramp-up of the Tether advertising partnership and further international user growth.
Rumble currently trades at $5.52, down from $5.61 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it’s free).
Our Favorite Stocks Right Now
ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum — both boxes checked at the same time.
Find out which stocks our AI platform is flagging this week. See this week's Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE.
Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
