Video sharing platform Rumble (NASDAQGM:RUM) will be reporting results tomorrow morning. Here’s what to expect.
Rumble missed analysts’ revenue expectations by 14.3% last quarter, reporting revenues of $25.06 million, up 39.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Rumble a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Rumble’s revenue to grow 45.8% year on year to $29.74 million, improving from the 2.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rumble has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Rumble’s peers in the digital media & content platforms segment, some have already reported their Q4 results, giving us a hint as to what we can expect. WEBTOON delivered year-on-year revenue growth of 5.6%, missing analysts’ expectations by 1.3%, and IAC reported a revenue decline of 6.5%, topping estimates by 5.9%. WEBTOON traded down 10.5% following the results while IAC was up 5.9%.
Read our full analysis of WEBTOON’s results here and IAC’s results here.
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