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 ...

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 ...

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 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. ...

User Engagement and Growth - Average Monthly Active Users (MAUs) reached 58 million in Q3 2023[150] - Estimated Minutes Watched Per Month (MWPM) is used to measure user engagement, calculated from bandwidth consumption[151] - Estimated MWPM was 10.7 billion in Q3 2023, a 19% increase from Q3 2022 but a 9% decrease from Q2 2023[152] - Average hours of uploaded video per day were 15,700 in Q3 2023, representing a 78% increase from Q3 2022 and a 19% increase from Q2 2023[154] - The company continues to focus on user growth and engagement rather than maximizing revenue, experimenting with various revenue growth strategies[126] Acquisitions and Investments - The company acquired 100% of Callin Corp. on May 15, 2023, expanding its podcasting and live streaming capabilities[124] - On October 3, 2023, the company acquired North River Project Inc., which holds intellectual property[125] - The company plans to use a substantial portion of raised funds to acquire content and grow user engagement, which may not maximize profitability in the short term but is expected to position the business for long-term success[188] Financial Performance - Revenues increased by $7.0 million to $18.0 million in Q3 2023 compared to Q3 2022, with $2.3 million from higher advertising revenue and $4.7 million from higher licensing and other revenue[158] - Revenues for the nine months ended September 30, 2023, increased by $41.1 million to $60.6 million compared to the same period in 2022[174] - Total revenue for the quarter ended September 30, 2023, was $17,982,150, compared to $10,983,182 in the same quarter of 2022, reflecting significant growth[194] Expenses and Losses - Cost of services rose by $27.5 million to $39.8 million in Q3 2023, primarily due to a $26.1 million increase in programming and content costs[160] - General and administrative expenses increased by $6.8 million to $9.7 million in Q3 2023, driven by payroll and related expenses[161] - Research and development expenses increased by $3.4 million to $5.1 million in Q3 2023, mainly due to a $3.0 million increase in payroll and related expenses[162] - Net loss for Q3 2023 was $29.0 million, a 1462% increase compared to a net loss of $1.9 million in Q3 2022[157] - Net loss for the nine months ended September 30, 2023, was $87.1 million, a 733% increase compared to a net loss of $10.5 million in the same period in 2022[172] - Net loss for the nine months ended September 30, 2023, was $(29,021,042), compared to $(1,858,452) in the same period of 2022, indicating increased losses[194] Cash and Securities - Cash, cash equivalents, and marketable securities balance was $267.0 million as of September 30, 2023, consisting of cash on deposit and amounts held in money market funds, treasury bills, and term deposits[187] - The company had cash, cash equivalents, and marketable securities totaling $267.0 million as of September 30, 2023[222] - Interest income rose by $10.3 million to $10.5 million for the nine months ended September 30, 2023, attributed to a higher balance in cash and marketable securities due to the Business Combination[182] - An immediate 10% change in interest rates would not have a material effect on the fair market value of cash, cash equivalents, and marketable securities due to their short-term maturities and low-risk profile[222] Customer Concentration and Risk - One customer accounted for $5.8 million and $29.8 million, representing 32% and 49% of revenue for the three and nine months ended September 30, 2023, respectively[221] - For the three and nine months ended September 30, 2022, one customer accounted for $5.8 million and $5.8 million, or 53% and 30% of revenue, respectively[221] - As of September 30, 2023, one customer represented 36% of accounts receivable, down from 66% as of December 31, 2022[221] - The company is exposed to credit risk, particularly from one customer, which significantly impacts revenue and accounts receivable[221] Accounting and Compliance - The company is classified as an emerging growth company under the JOBS Act, allowing it to delay adopting new or revised accounting standards[219] - The financial condition, results of operations, and capital resources are influenced by market conditions and the competitive environment[216] - The measurement of warrants issued to purchase shares of Class A common stock is based on the Nasdaq closing price as of the date of measurement[217] - Warrants from Legacy Rumble were exchanged for 14,153,048 shares of Class A Common Stock as part of the Business Combination, valued at a par value of $731,281[217] Other Financial Metrics - Total expenses for the nine months ended September 30, 2023, increased by $123.1 million to $158.9 million compared to the same period in 2022[172] - Acquisition-related transaction costs decreased by $0.2 million to $1.2 million for the nine months ended September 30, 2023, compared to $1.4 million in the same period of 2022[179] - Amortization and depreciation increased by $2.2 million to $3.1 million for the nine months ended September 30, 2023, as the company continues to build out its infrastructure[180] - The change in fair value of warrant liability resulted in a loss of $0.6 million for the nine months ended September 30, 2023, a decrease of $5.1 million compared to the previous year[184]

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 ...

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 | ...

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 ...

User Growth and Engagement - Rumble achieved an average of 80 million monthly active users (MAUs) in Q4 2022, a 142% increase from 33 million MAUs in Q4 2021[30] - The total minutes watched on Rumble's platform increased from 0.2 billion in Q3 2020 to 11.1 billion in Q4 2022[30] - Average hours of uploaded video per day reached 10,373 in Q4 2022, a 216% increase from Q4 2021[31] Revenue and Financial Performance - Revenues for the year ended December 31, 2022, were $39,384,284, a significant increase from $9,466,363 in 2021, representing a growth of approximately 316%[288] - Total expenses for 2022 amounted to $75,033,662, compared to $19,978,776 in 2021, indicating an increase of about 275%[288] - The net loss for 2022 was $11,403,994, a decrease in loss compared to $13,413,532 in 2021, reflecting an improvement of approximately 15%[288] Advertising and Monetization Strategies - Rumble plans to launch its advertising marketplace, RAC, commercially later in 2023, which is currently in beta mode[25] - Rumble's advertising strategy includes developing its own network to drive value and expand its advertiser base, transitioning all ads to be served through RAC[50] - The company aims to enhance the integration of Rumble, Locals, and RAC to provide a seamless monetization toolkit for creators[46] Acquisitions and Strategic Investments - The company acquired Locals in October 2021, adding approximately 86,000 subscribers to its platform and enhancing its subscription revenue model[63] - The acquisition of Locals Technology Inc. was completed for a total consideration of $7,039,110, with goodwill recorded at $662,899[388] - The company plans to continue investing in infrastructure to support its products, with significant investments expected to grow proportionately as the business scales[60] Financial Position and Assets - As of December 31, 2022, cash, cash equivalents, and marketable securities totaled $338.3 million, consisting of investments in money market funds, treasury bills, and term deposits[273] - The company’s total assets as of December 31, 2022, were $366,982,638, compared to $55,801,181 in 2021, reflecting an increase of about 558%[290] - Cash and cash equivalents as of December 31, 2022, were $337,169,279, a substantial increase from $46,847,375 in 2021[290] Operational and Employee Insights - As of December 31, 2022, Rumble had 70 full-time employees, with a focus on recruiting and retaining key talent[51] - The company has made initial investments in IT equipment, servers, bandwidth, and data centers to support billions of minutes of video consumption monthly[60] - Rumble's share-based compensation expenses increased to $1,933,403 in 2022 from $1,414,479 in 2021, indicating a rise in employee incentives[295] Risk Factors and Credit Management - A meaningful portion of the company's revenue is attributable to service agreements with one customer, highlighting potential credit risk[272] - The allowance for credit losses at December 31, 2022, was $nil, indicating no expected credit losses[362] - The company maintains an allowance for credit losses based on historical collectability and market conditions[360] Compliance and Governance - The independent auditor's report confirmed that the consolidated financial statements present fairly the financial position of Rumble Inc. as of December 31, 2022, and 2021[281] - The company is implementing an updated content moderation process, with changes expected to be finalized by the end of 2023[66] - The company emphasizes a politically neutral content policy to ensure a safe exchange of views on its platform[65] Shareholder and Warrant Information - The Company issued 48,970,404 shares of Class A Common Stock and 168,762,214 shares of Class C Common Stock[6] - The warrant liability was valued at $3.86 per warrant on September 16, 2022, and revalued at $1.25 per warrant on December 31, 2022, resulting in a gain of $21,010,500[419] - The Company may redeem the warrants at a price of $0.01 per warrant if the common stock price exceeds $18.00 per share for 20 trading days[418]

Rumble Inc. (NASDAQ:RUM) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Shannon Devine - Investor Relations Chris Pavlovski - Founder, Chairman and Chief Executive Officer Brandon Alexandroff - Chief Financial Officer Tyler Hughes - Chief Operating Officer Conference Call Participants Thomas Forte - D.A. Davidson & Co. Jason Helfstein - Oppenheimer & Co. Operator Ladies and gentlemen, greetings and welcome to the Rumble Third Quarter Earnings Conference Call. At this time ...