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]

Core Insights - Rumble has announced that Sticker Mule, a leading online custom merchandise seller, will become a cloud client, moving its AI processing to Rumble Cloud and utilizing Rumble's NVIDIA H100 inventory [1][3] - The partnership between Rumble and Sticker Mule has been successful, with Sticker Mule being a regular advertiser on Rumble for multiple years [1][3] Company Overview - Rumble is a high-growth video platform and cloud services provider focused on creating an independent infrastructure and restoring the internet to its roots by making it free and open [4] - Sticker Mule, founded in 2010 and based in Amsterdam, NY, specializes in custom merchandise and employs over 1,200 people worldwide [2] Partnership Dynamics - Rumble's CEO, Chris Pavlovski, expressed appreciation for the partnership with Sticker Mule, highlighting the shared values of creativity and self-expression [3] - Sticker Mule's CEO, Anthony Constantino, emphasized the mutual benefits of the partnership and the natural fit of entrusting Rumble Cloud with their important data [3]

Core Viewpoint - Rumble's stock price declined significantly following the presidential debate, reflecting investor sentiment regarding Donald Trump's political standing and its potential impact on the platform's user base and advertising revenue [1][2][3]. Company Performance - Rumble's stock fell by 6.7% as of 2:04 p.m. ET, while Trump Media & Technology experienced a 12.9% drop in the same timeframe [2]. - The company reported $79 million in revenue over the last four quarters but is facing a substantial operating loss of $150 million during that period [6]. Market Influence - Rumble's relevance is closely tied to Donald Trump's influence and the conservative political movement, with the platform primarily attracting content from Trump-supporting voices [3][5]. - Following the debate, Trump's chances of winning the presidency decreased from 52% to 47%, indicating a significant shift in investor confidence [4]. Competitive Landscape - Rumble, founded in 2013 as an alternative to YouTube, is struggling to gain scale and profitability in a market dominated by YouTube, especially if Trump's political campaign falters [5][6]. - The platform is seen as a refuge for conservatives seeking alternatives to mainstream social media, but its future growth may be jeopardized by the political climate [5].

Group 1 - Cumulus Media's Westwood One will host a special live edition of The Dan Bongino Show on September 10, 2024, coinciding with a debate between Vice President Kamala Harris and former President Donald J. Trump [1] - The Dan Bongino Show is a top-ranked podcast with over 200 million downloads in 2024 and more than 350 million downloads on Rumble [2] - The show is distributed by the Cumulus Podcast Network and releases new episodes daily on various podcast platforms and Rumble [2] Group 2 - Bongino also hosts a live radio program on Westwood One, airing Monday to Friday from 12 to 3 p.m. ET on 340 stations across the U.S. [3] - Bongino has a background as a Secret Service agent and NYPD officer, and he is a best-selling author and commentator on international security and political strategy [4] - Westwood One is the largest audio network in America, reaching over 250 million monthly listeners through nearly 9,400 affiliated radio stations and digital platforms [5]