IB Net Payout Yields Model

Rumble: Scrapping Along The Bottom

Update - Jan. 22, 2024

The BarStool Sports deal is very promising, especially considering the push to promote Rumble. The company didn't provide any financial details on the partnership and a large guaranteed payment could actually be a negative. 

The stock remains interesting below $5. 

Finviz Chart

Update - Jan. 11, 2024

Rumble continues to collapse this week likely due to Twitter/X announcing new shows only on X. 

The stock is down to new lows below $4. 

Finviz Chart

Original article posted on Dec. 5, 2023

  • Rumble Inc. user metrics remain tepid, leading to new lows for the online video sharing service.
  • The company's massive spending on content creators has not resulted in significantly higher usage or revenues.
  • Rumble is forecasting a path to break even in 2025, but the stock remains risky due to high cash burn and the inability to monetize users effectively.
After another quarter of tepid user metrics, Rumble Inc. (NASDAQ:RUM) has fallen to new lows. The online video sharing service has a promising story of being an independent free speech platform, but users and content creators haven't flocked to the site with so many other big platforms to monetize traffic. My investment thesis remains Bullish on the stock, but the investment story remains risky due to the company's vast spending on content creators.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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