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 ...

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, 2022 ☐ 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 (State or oth ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CF ACQUISITION CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 001-40079 | 85-1087461 | | --- | --- | --- | | (State or other j ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CF ACQUISITION CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 001-40079 | 85-1087461 | | --- | --- | --- | | (State or other ...

Financial Overview - The company completed its initial public offering on February 23, 2021, raising gross proceeds of $300 million from the sale of 30 million units at $10.00 per unit[23]. - A private placement of 700,000 units was also completed, generating an additional $7 million, bringing total proceeds to $307 million, which were placed in a trust account[24]. - The company has $300 million available for an initial business combination based on the balance of its trust account as of December 31, 2021[71]. - As of December 31, 2021, the company had a working capital deficit of approximately $2.516 million[164]. - The company reported a net loss of approximately $17,908,000 for the year ended December 31, 2021[168]. - As of December 31, 2021, the company had $25,000 in cash in its operating account and had not generated any revenues to date[164][167]. - The company incurred approximately $2,756,000 in general and administrative expenses for the year ended December 31, 2021[168]. Business Combination Strategy - The company must complete its initial business combination by February 23, 2023, or it will liquidate and distribute the trust account amounts[25]. - The business combination agreement with Rumble involves an arrangement consideration of $3.15 billion, plus Rumble's cash and cash equivalents at closing[30]. - The company is targeting businesses with an enterprise value of approximately $600 million to $1.5 billion, focusing on sectors like financial services, healthcare, and technology[43]. - The acquisition strategy aims to leverage management expertise and relationships to enhance target companies' growth and performance[42]. - The company must complete one or more business combinations with an aggregate fair market value of at least 80% of the assets held in the trust account at the time of signing a definitive agreement[46]. - The company anticipates that the post-transaction entity will own or acquire at least 50% of the voting securities of the target business to avoid registration as an investment company[50]. - The company may need to seek additional financing if the cash portion of the purchase price exceeds the amount available from the trust account after redemptions[51]. - The company is targeting businesses with enterprise values greater than the net proceeds from its initial public offering and related sales[51]. - The company may pursue an Affiliated Joint Acquisition, which could involve co-investment with other entities[47]. - If the initial business combination involves multiple target businesses, the 80% fair market value test will be based on the aggregate value of all transactions[50]. Management and Advisory Team - The management team has a proven track record in sourcing, structuring, and executing transactions across various industries and market conditions[44]. - The company has engaged CF&Co. as an advisor for its initial business combination and will pay a customary financial advisory fee upon consummation[84]. - The company has committed up to $1.75 million from the sponsor to fund expenses related to the initial business combination[165]. - Howard W. Lutnick has been the Chairman and CEO since April 2020, with extensive experience in investment and management since joining Cantor in 1983[199]. - Anshu Jain has been the President since October 2020, directing strategy and operations across Cantor's businesses[200]. - Jane Novak has served as Chief Financial Officer since July 2021, overseeing complex accounting matters and compliance with U.S. GAAP and IFRS[202]. Stockholder and Redemption Rights - A majority of the outstanding shares of common stock must be voted in favor of the initial business combination for it to be approved, requiring at least 10,900,001 shares, or 36.3% of the 30,000,000 public shares sold in the initial public offering[102]. - Stockholder approval is required for a merger of the company with a target, while other types of transactions may not require such approval[90]. - The company will provide public stockholders with the opportunity to redeem shares either through a stockholder meeting or a tender offer[98]. - Public stockholders are restricted from seeking redemption rights for more than 15% of the shares sold in the initial public offering, which aims to prevent stockholders from blocking the business combination[104]. - The redemption price for public shares upon liquidation is expected to be approximately $10.00 per share, but this amount may be reduced due to creditor claims[116]. - If public stockholders tender more shares than the company has offered to purchase, the tender offer will be withdrawn, and the initial business combination will not be completed[100]. Risks and Challenges - The company may incur losses from costs related to the identification and evaluation of prospective target businesses if the initial business combination is not completed[85]. - The company faces intense competition from other entities, including blank check companies and private equity groups, which may limit its ability to acquire larger target businesses[128]. - The company may face risks related to selecting a suitable business target and completing the initial business combination within the prescribed timeframe[136]. - Trust account funds may not be protected against third-party claims or bankruptcy, posing a risk to stockholders[137]. - The company has identified a material weakness in its internal control over financial reporting as of December 31, 2021, which could adversely affect investor confidence[138]. Corporate Governance - The board of directors consists of six directors, with founder shares holders electing all directors prior to the initial business combination[207]. - The audit committee is composed of three independent directors, with Mr. Barnard serving as the chair[211]. - Each member of the audit committee is financially literate, and Mr. Barnard qualifies as an "audit committee financial expert" as per SEC rules[212]. - The compensation committee also consists of three independent directors, chaired by Mr. Barnard, responsible for executive compensation oversight[215]. - The company does not have a standing nominating committee but allows independent directors to recommend nominees for board selection[217].

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CF ACQUISITION CORP. VI (Exact name of registrant as specified in its charter) | Delaware | 001-40079 | 85-1087461 | | --- | --- | --- | | (State or ot ...

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or ...