Core Insights - Rumble has announced that Dr Disrespect will be streaming on its platform, providing exclusive content for his "Champions Club" community and leading Rumble Gaming [1][4] - Dr Disrespect's first stream on Rumble is scheduled for December 2, 2024, with a promotional discount for new subscribers [3] - Rumble aims to expand into gaming and crypto, with Dr Disrespect's involvement seen as a significant boost to its gaming category [4] Company Overview - Rumble is a high-growth video platform and cloud services provider focused on creating an independent infrastructure [5] - The company's mission is to restore the internet to its roots by making it free and open again [5]

Rumble's recently published third-quarter report arrived with troubling indicators for investors.Rumble (RUM -12.30%) stock is falling in Wednesday's trading following the company's recently published quarterly results. The streaming specialist's share price was down 12.5% as of 11 a.m. ET.Rumble published third-quarter earnings results after the market closed yesterday, posting sales and earnings that fell short of Wall Street's expectations. The company posted a loss of $0.15 per share on revenue of $25.0 ...

Financial Data and Key Metrics - Q3 2024 revenue was $25.1 million, up $7.1 million from Q3 2023, driven by a $5.9 million increase in audience monetization and $1.2 million from other initiatives [28] - ARPU decreased to $0.33 in Q3 2024 from $0.37 in Q2 2024 due to revenue growth lagging behind strong MAU growth [29] - Cost of services decreased to $36.4 million in Q3 2024 from $39.8 million in Q3 2023, primarily due to a $5.4 million reduction in content costs [31] - Cash, cash equivalents, and marketable securities stood at $132 million at the end of Q3 2024, down from $219.5 million at the end of 2023 [32] - Adjusted EBITDA loss improved to $23.5 million in Q3 2024 from $35.4 million in Q3 2023 [33] Business Line Performance - Rumble Premium exceeded expectations, with strong subscriber growth following the introduction of mid-roll ads in September 2024 [17][18] - The Rumble Advertising Center (RAC) saw significant growth, particularly during the U.S. presidential election, with record live streams, concurrent views, and revenue [11][12] - Rumble Cloud demonstrated its technical capabilities during the election, supporting high concurrent viewership and attracting enterprise customers [14][15] Market Performance - Rumble captured 17.8% of live hours watched in the U.S. on election day, compared to 71.2% for YouTube and 10% for Twitch [12] - The Rumble app ranked 3 in the Photo and Video category on the Apple App Store, ahead of YouTube [13] - Traditional TV networks saw ratings drop by up to 50% compared to the 2020 election, highlighting Rumble's growing influence [12] Strategic Direction and Industry Competition - Rumble positioned itself as a leader in the independent creator space, with a focus on free speech and monetization opportunities [7][10] - The company introduced a hybrid model combining YouTube's ad-free experience and Netflix's exclusive content, aiming to provide superior economics for creators [20] - The dismantling of GARM (Global Alliance for Responsible Media) removed a significant barrier to brand advertising, with the first major brand partnership set for December 2024 [23][25] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about the company's trajectory, citing strong user growth, monetization progress, and the potential for brand advertising partnerships [5][22] - The election results were seen as a turning point, with Rumble's user base now representing a majority that brands cannot ignore [22][26] - The company expects continued revenue growth in Q4 2024 and is targeting adjusted EBITDA breakeven by 2025 [30][33] Other Key Information - Rumble's programming and content agreements had a minimum contractual cash commitment of $38 million as of September 30, 2024, down from $106 million at the end of 2023 [31] - The company's cash usage improved by 25% in Q3 2024 compared to Q2 2024, reflecting better financial management [32] Q&A Session Summary Question: Visibility into forward advertising revenue and potential for formal guidance - Management highlighted the shift from direct response advertising to brand advertising, with the first major brand partnership set for December 2024 [36][38] - The company expects continued growth in advertising revenue, driven by the introduction of mid-roll ads and the dismantling of GARM [37][39] Question: Plans to retain high engagement post-election - Management emphasized product improvements and the premium offering as key drivers of user stickiness [45][47] - Early signs indicate strong retention of engagement, particularly among premium subscribers [46][48] Question: Status of Rumble Advertising Center tools and user interface - The Rumble Advertising Center is in its best state, with mid-roll ads significantly boosting both RAC and Premium revenue [50][52] - Further optimizations are planned, but the current setup is delivering strong results [52] Question: Sales cycle for Rumble Cloud and future prospects - The sales cycle for Rumble Cloud remains long but is progressing, with potential deals involving large enterprises and government clients [53][54] - Recent wins, such as the Miami Dolphins deal, demonstrate the platform's growing appeal [53] Question: Revenue seasonality expectations for Q4 2024 - Management expects continued sequential revenue growth in Q4 2024, driven by the full-quarter impact of mid-roll ads and strong performance in RAC [57][58]

The conservative media site is finally cashing on Trump's victory.Shares of Rumble (RUM 18.00%) surged today as it continued to ride a wave of support following President-elect Trump's victory last Tuesday. It was one of several stocks in the so-called "Trump trade" to gain on Monday as Tesla and cryptocurrencies like Bitcoin also popped. There wasn't any major company-specific news out on Rumble, which is essentially a conservative alternative to YouTube, but there was one item that could have spurred gain ...

Rumble Inc. (RUM) shares soared 6.6% in the last trading session to close at $6.11. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.3% gain over the past four weeks.Rumble is benefiting from its role as a free-speech focused video platform and its recent cloud expansion, appealing to clients and advertisers seeking an alternative to the major tech companies.This company is expected to post quarterly loss of $0.13 per share in i ...

LONGBOAT KEY, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) --  Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that it broke multiple records on a historic Election Night. On the evening of November 5 and into the morning of November 6, Rumble set new high marks in a variety of categories, including number of livestreams, live concurrent views, consumption, total Rumble Premium subscribers, and revenue generated through the Rumble Advertising Center. According to Streams ...

Company Announcement - Rumble announced that Steven Crowder will host an Election Night livestream titled "The Election Livestream of the Century: The Rumble on Rumble" starting at 6:00 p.m. EST [1] - The livestream will promote Rumble Premium, the platform's ad-free subscription product, as Crowder's new home for exclusive content [1] - Rumble users subscribed to Crowder's MugClub will automatically receive access to Rumble Premium [1] - Steven Crowder currently has over 1.6 million subscribers on his Rumble channel [1] Leadership Commentary - Rumble's Chairman and CEO Chris Pavlovski stated that Rumble is the destination for millions seeking unfiltered coverage of current events and breaking news [2] - Pavlovski emphasized that Rumble Premium offers an improved ad-free experience and access to exclusive content [2] - He highlighted that the 2024 US presidential election coverage is expected to be the most-watched in world history, with people eager for news free from corporate media influence [2] - Pavlovski described Rumble as the world's leading free speech video-sharing platform, providing access to sought-after content [2] Company Overview - Rumble is a high-growth video platform and cloud services provider building an independent infrastructure [3] - The company's mission is to restore the internet to its roots by making it free and open once again [3]

LONGBOAT KEY, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today announced that leading online custom merchandise seller Sticker Mule has become a cloud client. The innovative retailer is moving its Artificial Intelligence processing to the Rumble Cloud and will be using Rumble's NVIDIA H100 inventory. This represents an expansion of an already successful relationship, as Sticker Mule has been a regular advertiser on Rumble for multiple ...

The social media stock responded to the debate last night. Shares of Rumble (RUM -3.88%), the social media site that's seen as a conservative version of YouTube, were sliding today, seemingly in response to last night's presidential debate between Vice President Kamala Harris and former President Donald Trump. Most media outlets seemed to consider Harris to be the winner. In response to the news, Rumble stock was down 6.7% as of 2:04 p.m. ET. Fellow traveler Trump Media & Technology, which owns Trump's Trut ...

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One today announced that The Dan Bongino Show will offer a special live edition of the podcast on Tuesday, September 10, 2024, beginning at 8 p.m. ET. Dan Bongino will offer commentary and opinion live while Vice President Kamala Harris and former President Donald J. Trump face each other to debate for the first time. About The Dan Bongino Show The Dan Bongino Show podcast is a perennial Top Ten in Apple's News category ran ...