Rumble ramps up its position as the premier platform for politics with the addition of the popular news commentary podcast. LONGBOAT KEY, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Rumble, the video-sharing platform (NASDAQ: RUM) and cloud services provider, today announced that the podcast "Breaking Points" is making Locals and Rumble its new subscription provider. The full show will be available to paying community members on Locals, Rumble's subscription platform, where paying subscribers will have members-o ...

Rumble Inc. (NASDAQ:RUM) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Shannon Devine - Investor Relations Chris Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Tyler Hughes - COO Conference Call Participants Jason Helfstein - Oppenheimer Tom Forte - Maxim Group Operator Greetings. Welcome to Rumble Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal present ...

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 ...

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 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 ...