Rumble shareholders elect seven directors at annual meeting

Rumble Inc. (NASDAQ:RUM), a $3 billion market cap technology company currently trading at $8.87, announced the results of its 2025 Annual Meeting of Stockholders held on June 12, where shareholders voted on two key proposals. The company has shown remarkable market performance, delivering a 60% return over the past year according to InvestingPro data.

According to the SEC filing, stockholders elected all seven nominated directors to serve one-year terms expiring at the company’s 2026 annual meeting. The elected board members include Chris Pavlovski, Nancy Armstrong, Katie Biber, Paul Cappuccio, Phil Evershed, Ryan Milnes, and Jerry Naumoff. These directors will oversee Rumble’s growth strategy, with analysts forecasting 18% revenue growth for fiscal year 2025.

Chris Pavlovski received 1,092,802,539 votes in favor and 1,397,171 votes withheld. Katie Biber garnered the highest support with 1,093,585,580 votes in favor. Jerry Naumoff, who serves as a Class A Director elected solely by the company’s Class A Common Stock holders, received 13,976,804 votes in favor.

In the second proposal, shareholders ratified the selection of Baker Tilly US, LLP (formerly Moss Adams LLP) as Rumble’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal passed with 1,120,342,299 votes in favor, 248,340 votes against, and 501,734 abstentions.

Rumble, which operates in the computer programming and data processing sector, filed the results with the Securities and Exchange Commission on June 18, 2025, as confirmed by Chief Financial Officer Brandon Alexandroff’s signature on the document. Investors looking for deeper insights into Rumble’s financial health and growth prospects can access comprehensive analysis through InvestingPro, which offers exclusive access to detailed financial metrics and expert research reports.

In other recent news, Rumble Inc. reported its first-quarter earnings for 2025, showcasing a narrower-than-expected loss per share and a notable year-over-year revenue increase. The company posted a loss per share of $0.01, outperforming the analyst estimate of a $0.09 loss. Revenue for the quarter was $23.71 million, marking a 34% rise from the previous year’s $17.7 million, although it fell short of the anticipated $25.09 million. Rumble reported a net loss of $2.7 million, a significant improvement from the $43.3 million loss in the same period last year. The company’s balance sheet was bolstered by an investment from Tether, with liquidity reported at $318.7 million.

Rumble’s management remains optimistic about achieving an Adjusted EBITDA breakeven in 2025, supported by the recent capital infusion. The company continues to focus on subscription revenue and monetization, with plans to introduce the RumbleWallet in the third quarter. Additionally, Rumble has secured new partnerships, including agreements with the Government of El Salvador and the Tampa Bay Buccaneers, indicating a growing influence. Analyst firms have not provided specific upgrades or downgrades, but Rumble’s strategic initiatives and financial improvements are noteworthy. The company is also exploring international market expansion and crypto-based monetization as part of its growth strategy.

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