Rumble ended 2024 on a strong note, posting record revenue as the video-sharing platform expanded its user base and secured a major investment to fuel its growth.
The company posted record fourth-quarter revenue of $30.2 million, a 48% increase from the previous year.
Monthly active users (MAUs) surged to 68 million, with particularly strong momentum in the US and Canada, where users grew 21% sequentially to 52 million. Average revenue per user (ARPU) also saw an 18% quarter-over-quarter increase, reaching $0.39.
During the quarter ended December 2024, Rumble secured a $775 million strategic investment from Tether, which includes $250 million in new gross proceeds. The company also deployed $17.1 million into Bitcoin as part of a new treasury strategy.
Key milestones in Q4 included signing popular gaming streamer Dr Disrespect, onboarding the White House with an official Rumble channel, and partnering with El Salvador to provide cloud services. Additionally, Rumble filed a major lawsuit alongside Truth Social in defense of free speech.
The company reported a net loss of $236.8 million for the quarter, significantly impacted by a $184.7 million derivative loss. Adjusted earnings per share came in at -$0.10. Despite the loss, Rumble highlighted its fifth consecutive quarter of reduced cash burn, ending the year with $114 million in cash.
Looking ahead, the company expects at least 25% year-over-year revenue growth in the first quarter of 2025 and remains on track to achieve Adjusted EBITDA breakeven this year.
Shares of Rumble were up around 3.8% in early Tuesday trading in New York at US$8.30.