Streetbeat News

RUM

Rumble Inc.

https://www.rumble.com

Industry

Software - Application

Rumble Inc. operates video sharing platforms. The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates locals.com, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida.

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The article covers a live event featuring President Trump in Asheboro, NC. It is hosted on the Rumble platform, which may impact the Rumble (RUM) stock. The event's political nature could indirectly influence market sentiment, potentially affecting broad market ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 6:19 pm

Rumble's CEO announced on X that the company will launch 'Rumble Shorts' in 2024, indicating a new product development aimed at expanding their platform's offerings.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 4:22 pm

Rumble Inc (NASDAQ:RUM) shares are volatile after reporting better-than-expected Q2 results. Revenue was $22.469 million, beating estimates of $19.69 million, and the loss per share was 13 cents, better than the expected 15 cents. Despite a year-over-year revenue decline, the company saw a 27% sequential increase and a rise in average monthly active users to 53 million. Rumble also set new records for concurrent livestream viewers during the first presidential debate. The company ended the quarter with $154.2 million in cash and marketable securities. Wedbush reiterated a Neutral rating with an $8 price target.

Portfolio Pulse from Adam Eckert

August 13, 2024 | 3:06 pm

Wedbush analyst Scott Devitt has reiterated a Neutral rating on Rumble (NASDAQ:RUM) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 1:02 pm

Rumble Inc. (NASDAQ:RUM) shares rose 7.1% in pre-market trading after reporting better-than-expected Q2 financial results. Other notable pre-market movers include Vicinity Motor Corp. (NASDAQ:VEV) up 136.7%, MKDWELL Tech Inc. (NASDAQ:MKDW) up 54.1%, and Syros Pharmaceuticals, Inc. (NASDAQ:SYRS) down 56.4%.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 10:35 am

Rumble shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:24 am

Rumble Inc (NASDAQ:RUM) reported strong Q2 financial results, with revenue and EPS beating estimates. The company saw a significant increase in monthly active users, driven by political interest. Rumble also launched a second antitrust lawsuit against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).

Portfolio Pulse from Chris Katje

August 12, 2024 | 8:31 pm

Rumble Cloud has announced a new infrastructure services partnership with the Miami Dolphins and Hard Rock Stadium. This collaboration aims to enhance the technological capabilities of the stadium and improve the overall fan experience.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:11 pm

Rumble shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:07 pm

Rumble anticipates sequential revenue growth throughout 2024 and aims to approach adjusted EBITDA breakeven by 2025.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:07 pm

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