Rumble (RUM)

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Rumble (RUM) - 2024 Q1 - Quarterly Report
2024-05-14 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40079 RUMBLE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
Rumble (RUM) - 2024 Q1 - Quarterly Results
2024-05-14 20:05
Financial Performance - Revenue for Q1 2024 was $17.7 million, a 1% increase from $17.6 million in Q1 2023, with $3.2 million attributed to higher other services and cloud[8] - Revenues for Q1 2024 were $17,733,456, a slight increase from $17,615,375 in Q1 2023, representing a growth of approximately 0.67%[27] - Total expenses for Q1 2024 were $57,737,998, up from $41,243,759 in Q1 2023, indicating an increase of about 39.97%[27] - The net loss for Q1 2024 was $43,290,040, compared to a net loss of $28,668,113 in Q1 2023, reflecting an increase in losses of approximately 50.94%[27] - The company reported a loss per share of $0.21 for Q1 2024, compared to a loss per share of $0.14 in Q1 2023[27] User Engagement - Average global Monthly Active Users (MAUs) were 50 million in Q1 2024, down from 67 million in Q4 2023, marking the ninth consecutive quarter above 40 million[3] - Estimated Minutes Watched Per Month (MWPM) decreased to 8.6 billion in Q1 2024 from 10.5 billion in Q4 2023, attributed to bandwidth consumption shifting to the company's proprietary CDN[3] - Hours of uploaded video per day increased by 11% to 12,429 in Q1 2024 compared to Q1 2023, but decreased by 1% from Q4 2023[19] Cash and Assets - Cash, cash equivalents, and marketable securities balance was approximately $183.8 million as of March 31, 2024[13] - Cash and cash equivalents decreased to $182,699,695 as of March 31, 2024, down from $218,338,658 at the end of 2023, a decline of about 16.3%[29] - The company’s total assets were $263,006,564 as of March 31, 2024, down from $295,712,888 at the end of 2023, a decrease of approximately 11.1%[29] Expenses and Investments - Research and development expenses increased by 73% to $4.5 million in Q1 2024 compared to Q1 2023[11] - Research and development expenses rose to $4,527,792 in Q1 2024, compared to $2,617,659 in Q1 2023, marking an increase of approximately 72.96%[27] - Share-based compensation expense totaled $4,762,894 in Q1 2024, significantly higher than $2,309,210 in Q1 2023, an increase of approximately 106.06%[27] Strategic Initiatives - Rumble launched Rumble Cloud in March 2024, providing a new revenue stream in the public cloud market[7] - A strategic partnership with Barstool Sports was announced, combining Rumble's solutions with Barstool's content library[7] Legal Matters - The company filed a second antitrust lawsuit against Google, with damages estimated in excess of $1 billion[4] Future Outlook - The company expects a sequential increase in revenue starting in Q2 2024, moving towards breakeven in 2025[14]
Rumble (RUM) - 2023 Q4 - Earnings Call Transcript
2024-03-28 00:50
Rumble Inc. (NASDAQ:RUM) Q4 2023 Earnings Conference Call March 27, 2024 5:00 PM ET Company Participants Shannon Devine - Investor Relations Chris Pavlovski - Founder and Chief Executive Officer Brandon Alexandroff - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer & Co. Tom Forte - Maxim Group Operator Greetings. Welcome to Rumble Inc. Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the ...
Rumble (RUM) - 2023 Q4 - Annual Report
2024-03-27 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40079 RUMBLE INC. (Exact name of registrant as specified in its charter) | Delaware | 85-1087461 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorp ...
Rumble (RUM) - 2023 Q4 - Annual Results
2024-03-27 20:05
Exhibit 99.1 Rumble Reports Fourth Quarter and Full Year 2023 Results ~ Full Year 2023 Revenue Increased 106% to $81.0 Million ~ ~ Fourth Quarter Average Monthly Active Users Sequentially Increased 16% to 67 Million ~ ~ Achieved Company's Largest Milestone To-Date with Public Launch of Rumble Cloud ~ LONGBOAT KEY, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) ("Rumble" or the "Company"), the video sharing platform and cloud services provider, today announced financial results for the fi ...
Rumble (RUM) - 2023 Q3 - Earnings Call Transcript
2023-11-14 05:00
Rumble Inc. (NASDAQ:RUM) Q3 2023 Earnings Conference Call November 13, 2023 5:00 PM ET Company Participants Shannon Devine - IR Christopher Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Tyler Hughes - COO Conference Call Participants Thomas Forte - D.A. Davidson Jason Helfstein - Oppenheimer & Co. Operator Ladies and gentlemen, greetings, and welcome to the Rumble, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. ...
Rumble (RUM) - 2023 Q3 - Quarterly Report
2023-11-13 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40079 RUMBLE INC. (Exact name of registrant as specified in its charter) | Delaware | | 85-1087461 | | --- ...
Rumble (RUM) - 2023 Q2 - Earnings Call Transcript
2023-08-16 19:42
Rumble Inc. (NASDAQ:RUM) Q2 2023 Results Conference Call August 14, 2023 5:00 PM ET Company Participants Shannon Devine - IR Chris Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Tyler Hughes - COO Conference Call Participants Thomas Forte - D.A. Davidson Jason Helfstein - Oppenheimer Operator Ladies and gentlemen, greetings, and welcome to the Rumble Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. It is now my pleasure to int ...
Rumble (RUM) - 2023 Q2 - Quarterly Report
2023-08-14 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40079 | RUMBLE INC. | | --- | (Exact name of registrant as specified in its charter) | Delaware | 85-1087461 | ...
Rumble (RUM) - 2023 Q1 - Quarterly Report
2023-05-15 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40079 | RUMBLE INC. | | | --- | --- | | (Exact name of registrant as specified in its charter) | | | Delaware ...