Rumble announced its financial results for the fourth quarter and full year ended December 31, 2024, on March 25, 2025. The company reported record revenues of $30.2 million for Q4 2024, a 48% increase year-over-year, and full-year revenues of $95.5 million, up 18% from 2023.
Monthly Active Users (MAUs) reached 68 million in Q4 2024, with U.S. and Canada MAUs growing 21% sequentially to 52 million. Average Revenue Per User (ARPU) for Q4 was $0.39, an 18% increase from the prior quarter, driven by higher advertising and subscription revenue.
The net loss for Q4 2024 widened to $236.8 million, primarily due to a $184.7 million non-cash loss from the change in fair value of a derivative related to the Tether strategic investment. However, Adjusted EBITDA loss improved by 55% year-over-year to $13.4 million, and cash usage decreased for the fifth consecutive quarter. The company ended the year with $114 million in cash, with an additional $250 million gross proceeds from the Tether investment closing on February 7, 2025, significantly strengthening the balance sheet. Rumble expects Q1 2025 revenue growth of at least 25% year-over-year and continues to target Adjusted EBITDA breakeven in 2025.
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