Google Falls 7%, Rumble Stock Surges 20% on Strong Q1, User Retention Surprise

The Rumble stock has made an impressive surge after strong Q1 revenue, while Google stock (Alphabet) tumbled 7% this week.

Rumble stock pierced above $10

Quick overview

  • Rumble Inc. shares surged 20% after reporting better-than-expected Q1 results, with a smaller loss per share and strong revenue growth.
  • The platform achieved a 34% year-over-year revenue increase, reaching $23.71 million, despite slightly missing consensus estimates.
  • Rumble's user retention improved significantly post-election, with 59 million average Monthly Active Users and an 87% retention rate.
  • In contrast, Alphabet's stock plummeted 10% due to concerns over potential competition from Apple and intensified antitrust scrutiny.

The Rumble stock has made an impressive surge after strong Q1 revenue, while Google stock (Alphabet) tumbled 7% this week.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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