IPO Year: 2021
Exchange: NASDAQ
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/15/2025 | $20.00 | Buy | Maxim Group |
7/17/2024 | $8.00 | Neutral | Wedbush |
LONGBOAT KEY, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that the company has added approximately 188 Bitcoin to its treasury at an average price of approximately $91,000 per coin, consistent with its previously announced Bitcoin treasury strategy to allocate up to $20 million to Bitcoin. This move further emphasizes Rumble's conviction in Bitcoin as a valuable tool for strategic planning and reinforces the company's expansion into cryptocurrency. "We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further e
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 important years of Rumble's explosive growth, and he has become a dear friend I will have for life. Dan was one of the first major creators to move his content to Rumble in 2020 and ha
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 care about," said Rumble Chief Executive Officer Chris Pavlovski. "Rumble is the new home for exclusive content from the creators who have the biggest and most active followings. We are
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 inclusion. Final Transaction Details: As part of the transaction Tether purchased 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in
LONGBOAT KEY, Fla, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, announced today the final results of its tender offer to purchase up to 70,000,000 shares of its Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a purchase price of $7.50 per share, in cash, less any applicable withholding taxes and without interest, representing an aggregate purchase price of $525 million. The tender offer expired at 5:00 p.m., New York City time, on February 4, 2025. Based on the final count by the depositary for the tender offer, 70,061,168 shares of common stock were validly and
LONGBOAT KEY, Fla, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that its Board of Directors has approved a corporate treasury diversification strategy of allocating a portion of the company's excess cash reserves to Bitcoin. This move emphasizes Rumble's belief in Bitcoin as a valuable tool for strategic planning and is designed to accelerate the company's expansion into cryptocurrency. Rumble's Bitcoin allocation strategy will include purchases, at the discretion of the company, of up to $20 million. "We believe that the world is still in the early stages of the adoption of Bitcoin, which has recently acce
The Nation's Top Patriotic Marketplace Announces Intent to Break Free from Big Tech by Joining Rumble Cloud LONGBOAT KEY, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- Rumble Inc., (NASDAQ:RUM) ("Rumble"), the video-sharing platform and cloud services provider, announced today that PSQ Holdings, Inc. or PublicSquare (NYSE:PSQH), America's leading commerce and payments ecosystem that values freedom and supports the parallel economy, intends to migrate its Marketplace segment to the Rumble Cloud platform. Chris Pavlovski, Chairman and Chief Executive Officer of Rumble, commented, "I am excited that PublicSquare has decided to join Rumble on its mission to break the s
Comprehensive partnership to bolster the managed service offering of Rumble Cloud.TM LONGBOAT KEY, Fla., March 14, 2024 (GLOBE NEWSWIRE) -- Rumble, the video-sharing platform (NASDAQ:RUM) and cloud services provider, is excited to announce a strategic partnership with ACP CreativIT. This partnership will strengthen Rumble Cloud's focus on North America while expanding its offering with a wider range of complementary services and solutions using the Rumble Cloud infrastructure. The combined effort allows Rumble Cloud customers to optimize their IT operations and business continuity while enhancing data privacy and security. "We are looking forward to this partnership," said R
Partnership will address market demand for Rumble Cloud™ and serve enterprise customers at scale. LONGBOAT KEY, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, is excited to announce a strategic partnership with Qinshift, a global premier leader in managed IT services and solutions with more than 7,000 employees (combined with Avenga, a recently acquired Germany-based global technology platform). By teaming up with Qinshift, Rumble Cloud will bring together the expertise, resources, and industry insights of both companies while leveraging Qinshift's highly skilled workforce, expertise, and global footprint to address c
New coffee is the latest addition to the parallel economy. LONGBOAT KEY, FL, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the high-growth video platform and cloud services provider, announced today a partnership with 1775 Coffee and the launch of an exclusive Rumble-branded product. Rumble's 1775 Coffee features several exceptional, top-shelf varieties and adds to the ecosystem of products and services in a parallel economy aligned with Rumble's mission and values. Featured online at 1775Coffee.com, this is the first of a series of products for freedom-loving people to enjoy. "Not only is Rumble going to lead the way in video and cloud, but we are going to partner with
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Maxim Group initiated coverage of Rumble with a rating of Buy and set a new price target of $20.00
Wedbush initiated coverage of Rumble with a rating of Neutral and set a new price target of $8.00
LONGBOAT KEY, Fla., March 12, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that the company has added approximately 188 Bitcoin to its treasury at an average price of approximately $91,000 per coin, consistent with its previously announced Bitcoin treasury strategy to allocate up to $20 million to Bitcoin. This move further emphasizes Rumble's conviction in Bitcoin as a valuable tool for strategic planning and reinforces the company's expansion into cryptocurrency. "We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further e
SARASOTA, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Devin Nunes, CEO and Chairman of the Trump Media and Technology Group Corp. (NASDAQ:DJT) ("TMTG"), issued the following statement today after a U.S. federal judge ruled that TMTG and Rumble (NASDAQ:RUM) are under no obligation to comply with orders from a Brazilian Supreme Court Justice attempting to force Rumble to take down a U.S.-based user's accounts. "This is a major victory for free speech and free expression online," said TMTG CEO Devin Nunes. "The ruling confirms that would-be dictators in any country can't force Trump Media or Rumble to censor their opponents. We congratulate our partner Rumble on its principled stand for freedom.
LONGBOAT KEY, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today celebrated a ruling from a U.S. federal court that censorship orders from Brazilian Supreme Court Justice Alexandre de Moraes have no legal force in the United States. Rumble released the following statement: "Today, the U.S. District Court for the Middle District of Florida confirmed what we have argued from the very beginning: Justice Alexandre de Moraes's censorship orders have no legal force in the United States. This ruling is a complete victory for free speech, digital sovereignty, and the right of American companies to operate without foreign jud
SARASOTA, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (NASDAQ:DJT) ("TMTG"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, has jointly filed an emergency motion with its partner Rumble (NASDAQ:RUM) in U.S. federal court to halt the suspension of Rumble in Brazil by a Brazilian judge. Last week, Brazilian Supreme Court Justice Alexandre de Moraes issued a set of gag orders against Rumble, demanding it censor the accounts of a Brazilian journalist residing in the United States. Refusing to comply, Rumble joined TMTG, whose global online platform Truth Social is powered, in part, by Rumble
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 important years of Rumble's explosive growth, and he has become a dear friend I will have for life. Dan was one of the first major creators to move his content to Rumble in 2020 and ha
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 and TMTG filed the suit in the U.S. District Court for the Middle District of Florida and seek a declaration that de Moraes' orders are unenforceable in the United States. Neither Rumbl
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 care about," said Rumble Chief Executive Officer Chris Pavlovski. "Rumble is the new home for exclusive content from the creators who have the biggest and most active followings. We are
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 its roots by making it free and open once again. For more information, visit: corp.rumble.com. Contact: [email protected]
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 inclusion. Final Transaction Details: As part of the transaction Tether purchased 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in
LONGBOAT KEY, Fla, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, announced today the final results of its tender offer to purchase up to 70,000,000 shares of its Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at a purchase price of $7.50 per share, in cash, less any applicable withholding taxes and without interest, representing an aggregate purchase price of $525 million. The tender offer expired at 5:00 p.m., New York City time, on February 4, 2025. Based on the final count by the depositary for the tender offer, 70,061,168 shares of common stock were validly and
~ MAU Growth to 67 Million, Up 26% Quarter-over-Quarter ~ ~ Record Revenues of $25.1 Million, Up 39% Year-over-Year ~ ~ Fourth Consecutive Quarter of Reduced Cash Usage, 25% Less Usage Than Prior Quarter ~ LONGBOAT KEY, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, today announced financial results for the fiscal third quarter ended September 30, 2024. Q3 2024 Key Highlights and Key Items Revenue for the third quarter was $25.1 million, a sequential increase of 12% from $22.5 million in the second quarter of 2024, and an increase of 39% compared to $18.0 million in the third quarter
Rumble's Founder and CEO Chris Pavlovski to Hold a Post-Earnings Live Stream with Matt Kohrs via Rumble Studio LONGBOAT KEY, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, today announced that it will release financial results for the fiscal quarter ended September 30, 2024 after the close of markets on Tuesday, November 12, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on Rumble's Investor Relations website at
~ Delivers Sequential Revenue Growth of 27% to $22.5 Million ~ ~ Introduces New KPI, Average Revenue Per User (ARPU), Up 19% Over First Quarter ~ LONGBOAT KEY, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, today announced financial results for the fiscal quarter ended June 30, 2024. Q2 2024 Key Highlights and Key Items Revenue for the second quarter was $22.5 million, a sequential increase of 27% from $17.7 million in the first quarter of 2024 and compared to $25.0 million in the second quarter of 2023.Average global Monthly Active Users ("MAUs") of 53 million in the second quarter
LONGBOAT KEY, FL, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that Chris Pavlovski, the Chairman and CEO of Rumble, will be interviewed by Matt Kohrs on Monday, August 12, 2024, shortly after the earnings call. The interview will be streamed live on the Matt Kohrs Rumble channel at rumble.com/MattKohrs using Rumble's streaming platform, Rumble Studio. Viewers will be able to submit questions to Mr. Pavlovski in the comments section of the live stream. Mr. Pavlovski's interview with Matt Kohrs will focus on Rumble's second quarter 2024 accomplishments and future initiatives and will follow Rumble's rele
LONGBOAT KEY, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, today announced that it will release financial results for the fiscal quarter ended June 30, 2024 after the close of markets on Monday, August 12, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on Rumble's Investor Relations website at investors.rumble.com. ABOUT RUMBLE Rumble is a high-growth video platform and cloud services provider that is creatin
~ All Core Products Now Online with Two Major Launches: Rumble Cloud and Rumble Studio Livestreaming ~ ~ Revenue of $17.7 Million, Company Reiterates Expected 2Q Sequential Increase in Topline ~ ~ Announces a Key Strategic Partnership with Barstool Sports ~ LONGBOAT KEY, Fla., May 14, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video sharing platform and cloud services provider, today announced financial results for the fiscal quarter ended March 31, 2024. Q1 2024 Key Highlights and Key Items Completes foundational product portfolio with Rumble Video, Rumble Advertising Center, Rumble Studio, and Rumble Cloud.Revenue for the first quarter increas
LONGBOAT KEY, Fla., April 16, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video platform and cloud services provider, today announced that it will release financial results for the fiscal quarter ended March 31, 2024 after the close of markets on Tuesday, May 14, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on Rumble's Investor Relations website at investors.rumble.com. ABOUT RUMBLE Rumble is a high-growth video platform and cloud services provider that is creating an ind
~ Full Year 2023 Revenue Increased 106% to $81.0 Million ~ ~ Fourth Quarter Average Monthly Active Users Sequentially Increased 16% to 67 Million ~ ~ Achieved Company's Largest Milestone To-Date with Public Launch of Rumble Cloud ~ LONGBOAT KEY, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video sharing platform and cloud services provider, today announced financial results for the fiscal quarter and full year ended December 31, 2023. Q4 2023 and Full Year Key Highlights Revenue for the full year 2023 increased 106% to $81.0 million, compared to $39.4 million for the year ended December 31, 2022. Fourth quarter revenue increased t
LONGBOAT KEY, Fla., March 22, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the video-sharing platform and cloud services provider, announced today that Chris Pavlovski, the Chairman and CEO of Rumble, will be interviewed by Matt Kohrs on Wednesday, March 27, 2024, at 7:00 p.m. Eastern Time. The interview will be streamed live on the Matt Kohrs Rumble channel at rumble.com/MattKohrs using Rumble's streaming platform, Rumble Studio. Viewers will be able to submit questions to Mr. Pavlovski in the comments section of the live stream. Mr. Pavlovski's interview with Matt Kohrs will focus on Rumble's fourth quarter and full year 2023 accomplishments and fut
LONGBOAT KEY, Fla., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (NASDAQ:RUM) ("Rumble" or the "Company"), the high-growth video platform and cloud services provider, today announced that it will release financial results for the fiscal quarter and full year ended December 31, 2023 after the close of markets on Wednesday, March 27, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time. Access to the live webcast and replay of the conference call, along with related earnings release materials, will be available here and on Rumble's Investor Relations website at investors.rumble.com. ABOUT RUMBLE Rumble is a high-growth video platform and cloud services