Rumble, the video-sharing platform and cloud services provider, announced a significant 34% year-over-year revenue increase to $23.7 million in the first quarter of 2025. This growth was primarily fueled by higher subscription revenue and improved user retention. The company also solidified its position through key partnerships, including a cloud services agreement with the government of El Salvador and a collaboration with the Tampa Bay Buccaneers of the NFL.
Financial Performance and User Metrics
Rumble’s revenue in Q1 2025 reached $23.7 million, a substantial rise from the $17.7 million reported in the same period last year. Simultaneously, the company significantly narrowed its net losses to $2.7 million, a considerable improvement from the $43.3 million loss in Q1 2024. The platform’s monthly active users (MAUs) averaged 59 million, demonstrating an impressive 87% retention rate of users acquired after the 2024 U.S. election—a notable increase compared to the 60% retention rate following the 2022 midterms. However, the average revenue per user (ARPU) experienced a 13% dip to $0.34, primarily due to lower advertising revenue, which was partially offset by stronger subscription earnings.
As of March 31, the company’s liquidity stood strong at $318.7 million, encompassing $301.3 million in cash and $21.3 million in Bitcoin holdings as of May 8.
Strategic Partnerships and Legal Battles
Rumble Cloud broadened its client portfolio with a noteworthy agreement in January to provide cloud services to the government of El Salvador. This was followed by a new partnership with the Tampa Bay Buccaneers. Further enhancing its visibility, the White House launched an official Rumble channel in February.
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In a prominent legal development, Rumble and Trump Media & Technology Group (TMTG) jointly filed a lawsuit against Brazilian Supreme Court Justice Alexandre de Moraes. The lawsuit alleged First Amendment violations following Justice de Moraes’ orders to suspend the accounts of a U.S.-based user. Subsequently, a U.S. federal court ruled that Justice de Moraes’ censorship orders lacked legal authority within the United States.
Management Outlook
Rumble CEO Chris Pavlovski expressed optimism regarding the company’s progress, highlighting advertising partnerships with major entities such as Netflix, Crypto.com, and Chevron. He also announced plans for the launch of Rumble Wallet later in 2025. “With our balance sheet fortified and Tether’s investment closed, we’ve entered a new era for Rumble,” stated Pavlovski. The company’s strategic goal is to achieve adjusted EBITDA breakeven by the end of the current year.
Impact and Forward Look
Rumble’s consistent growth underscores its increasing appeal to both users and advertisers seeking alternative platforms, particularly within politically charged digital spaces. The company’s legal challenges highlight the ongoing and complex debates surrounding free speech and the governance of digital content across international borders.
Rumble will host a conference call later today to provide a more detailed discussion of these results. Bolstered by new capital from Tether, the company intends to accelerate its investments in cloud services and pursue international expansion initiatives.
Ending Note
As Rumble continues to strengthen its financial foundation and diversify its strategic partnerships, analysts will closely monitor its ability to maintain its current momentum amidst increasing competition and evolving regulatory landscapes.