
Rumble Inc (RUM) Stock Forecast & Price Target
Rumble Inc (RUM) Analyst Ratings
Bulls say
Rumble Inc. demonstrated notable financial performance in the second quarter, with average revenue per user (ARPU) increasing by 19% sequentially to $0.37, indicating improved monetization efforts and an expanding advertiser base. The company's Audience Monetization revenue grew by 27.4% quarter-over-quarter to reach $19.7 million, while Other Initiatives revenue rose by 22.1% sequentially to $2.7 million, reflecting strategic shifts in revenue segmentation and strong demand for its advertising tools. Additionally, Rumble's monthly active users (MAUs) rose by 6% quarter-over-quarter and 21% year-over-year, reaching 53 million, which aligns with positive market sentiment as global advertising budgets are expected to increase through 2024.
Bears say
Rumble Inc. has faced significant financial challenges, reflected in a 13% decline in total revenues quarter-over-quarter, culminating in $18 million for the first quarter. Additionally, the company's adjusted EBITDA remains negative, with losses of $28.7 million noted in the latest quarter and a continuous trend of increasing operational costs impacting profitability. Furthermore, Rumble's market share has drastically reduced to 0.35% as of June 2024, alongside a notable drop in monthly active users by 25% quarter-over-quarter and a decline in average revenue per user (ARPU) of 14%, indicating worsening user engagement and monetization issues.
This aggregate rating is based on analysts' research of Rumble Inc and is not a guaranteed prediction by Public.com or investment advice.
Rumble Inc (RUM) Analyst Forecast & Price Prediction
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