Q1 2025 Rumble Inc Earnings Call Transcript
Key Points
- Rumble Inc (RUM) reported a significant revenue growth of 34% compared to the same quarter last year.
- The company achieved a major milestone with 59 million monthly active users (MAUs), marking the 13th consecutive quarter over 40 million MAUs and the seventh consecutive quarter exceeding 50 million MAUs.
- Rumble Inc (RUM) successfully executed brand campaigns with notable partners such as Netflix, Crypto.com, and Chevron, indicating growing traction in their advertising business.
- The company announced a promising partnership with the government of El Salvador for Rumble Cloud, highlighting potential growth in the government vertical.
- Rumble Inc (RUM) is developing the Rumble Wallet in partnership with Tether, aiming to launch in Q3 2025, which could open new monetization opportunities in international markets.
- The company reported an adjusted EBITDA loss of $22.7 million for the first quarter of 2025, although this was a 14% improvement from the previous year.
- Average Revenue Per User (ARPU) decreased to $0.34 from $0.39 in the fourth quarter of 2024, primarily due to lower advertising revenue.
- General and administrative expenses increased by $7.3 million compared to the first quarter of 2024, largely due to one-time payroll and related events.
- The penetration of programmatic and AI-based tools in the advertising segment is expected to take time before contributing meaningfully to the business.
- Rumble Inc (RUM) faces challenges in improving user retention across its portfolio of applications, despite recent progress.
Good afternoon, ladies and gentlemen, and welcome to Rumble Incorporated's first-quarter 2025 earnings call. (Operator instructions) Please note this event is being recorded.
I would now like to turn the conference over to Shannon Devine, Investor Relations for Rumble. Please go ahead.
Thank you, operator. I'm here today with Chris Pavlovski, Founder, Chairman, and CEO of Rumble; and Brandon Alexandroff, CFO. A press release detailing our first-quarter 2025 results was released today and available on the Investor Relations section of our website. Before we begin the formal presentation, I would like to remind everyone that statements made on this call may include predictions, estimates, or other information that might be considered forward-looking. All forward-looking statements are made only as of the date of this call and should be considered in conjunction with the cautionary statements in our earnings release and the factors included in our filings with the SEC. Future company updates will be
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