Rumble’s Stock Surges: A Closer Look at Recent Growth Trends
Rumble RUM shares have skyrocketed 253% over the last year, significantly outperforming the Zacks Computer & Technology sector’s 28.4% gain and the Zacks Internet – Software industry’s 26.4% increase.
A major factor in this rise is Rumble’s impressive growth in monetizing its audience. The increase in Rumble Premium subscriptions and revenues from Rumble Advertising Center, fueled by heightened user engagement during the U.S. presidential election, have played a crucial role.
In its third quarter of 2024, Rumble reported a significant boost in monthly active users (MAUs), reaching 67 million, which supports its monetization strategies.
Rumble has surpassed competitors such as Amazon (AMZN) and Alphabet (GOOGL), whose cloud computing units, Amazon Web Services and Google Cloud, respectively, returned 45.2% and 36.2% over the past year.
Rumble’s Stock Outperforms Sector and Industry
Image Source: Zacks Investment Research
The company’s strong performance can be traced to Rumble Cloud’s growth during the high-traffic election season, which highlighted its cloud infrastructure capabilities. This positions Rumble as an appealing choice for enterprise customers, opening up new business avenues.
Rumble forges New Cloud Partnerships
Rumble has been actively engaging with large enterprise clients throughout various stages of the sales cycle, showcasing its growing significance in the cloud sector.
In January 2025, Rumble signed a strategic cloud services agreement with the Government of El Salvador. The deal covers a variety of services, including object and block storage, cloud computing, databases, load balancers, and Kubernetes integration. This partnership underscores a broader move toward companies that reflect values of freedom and decentralization, bolstering Rumble’s position in the cloud market.
Additionally, in October 2024, Rumble expanded its client base by attracting Sticker Mule. By migrating its AI processing to Rumble Cloud and leveraging NVIDIA’s (NVDA) H100 inventory, this collaboration enhances Rumble’s offerings and strengthens its relationship with NVIDIA, boosting Rumble’s technological reputation.
Rumble’s Expanding Portfolio Spurs Growth
Rumble’s diverse portfolio has been critical to its success. In the third quarter of 2024, Rumble launched its app on Xbox, improving video distribution and enriching viewer experiences while fostering the independent creator economy.
The introduction of Rumble Premium, along with exclusive content such as Stephen Crowder’s MugClub and Street League Skateboarding, has further driven subscriber growth and added value for both viewers and creators.
Moreover, a notable shift in the advertising landscape, particularly the dissolution of the Global Alliance for Responsible Media, positively impacted Rumble. This change allowed Rumble to secure its first substantial brand advertising deal in December 2024, highlighting the rising significance of independent creators on the platform.
Rumble has also increased advertising inventory in the third quarter of 2024 by implementing mid-roll ads across web, mobile, and connected TV apps, which boosted revenues and enhanced user experiences.
Earnings Estimates Show Positive Direction for Rumble
The Zacks Consensus Estimate for Rumble’s 2025 revenues stands at $113.38 million, reflecting an 18.49% year-over-year increase.
Expected loss per share for 2025 is estimated at 35 cents, remaining stable over the last month. This figure indicates a 44.44% year-over-year increase.
Rumble Inc. Price and Consensus
Rumble Inc. price-consensus-chart | Rumble Inc. Quote
For more EPS estimates and updates, check Zacks Earnings Calendar.
Currently, Rumble stock appears expensive, as indicated by a Value Score of F, suggesting overvaluation at this stage.
Rumble’s trailing 12-month Price/Book ratio is at 28.74, higher than its median of 12.24 and also above the broader Zacks Computer & Technology sector’s ratio of 10.53.
Price/Book Ratio Analysis
Image Source: Zacks Investment Research
Despite its extensive partnerships and robust portfolio, Rumble faces fierce competition in the cloud services sector, which poses challenges for its growth prospects. Although user growth has surged, evidenced by increased MAUs, monetization has not kept pace. The Average Revenue Per User decreased from 37 cents in the second quarter of 2024 to 33 cents in the third quarter of 2024.
With a Zacks Rank #3 (Hold), investors may want to consider waiting for a better entry point before accumulating RUM shares. For a complete list of stocks rated Zacks #1 Rank (Strong Buy), check here.
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