Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenues of $100.6 million, a 5% increase from $95.5 million in 2024, marking the first time achieving the $100 million milestone [14] - In Q4 2025, revenues were $27.1 million, a sequential increase of 9% from $24.8 million in Q3 2025, but a year-over-year decrease of $3.2 million [15] - Average Revenue Per User (ARPU) increased to $0.46 for Q4, up 2% sequentially from Q3 2025 [16] - Adjusted EBITDA loss for Q4 was $16 million, compared to a loss of $13.4 million in Q4 2024, while the full year adjusted EBITDA loss improved to $74.3 million from $92.1 million in 2024 [17] Business Line Data and Key Metrics Changes - Audience monetization revenues decreased by $5.5 million in Q4, partially offset by a $2.7 million increase in subscription and licensing fees [15] - The company introduced Rumble Shorts, which achieved over 1 million unique video views in a single day shortly after launch, indicating strong user engagement [6][12] Market Data and Key Metrics Changes - Monthly Active Users (MAUs) reached 52 million in Q4, an 11% sequential increase driven primarily by international growth [16] - The company noted that international monetization remains low compared to the U.S. market, indicating potential for future growth [31] Company Strategy and Development Direction - The company is focused on aggressive growth, particularly in video advertising and cloud services, with a strategic emphasis on capturing ad dollars from major brands [3][23] - The acquisition of Northern Data is expected to close in Q2 2026, which the company believes will be transformative for its revenue profile [9][11] - The company plans to leverage a $50 million per year advertising deal with Tether to attract major influencers and podcasters to the platform [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth returning as the company enters a midterm election year, with a favorable advertising market and strong user engagement [5][11] - The company anticipates that the advertising commitment from Tether will ramp up significantly in the second and third quarters of 2026 [11][18] Other Important Information - The company ended Q4 with total liquidity of $256.4 million, including $237.9 million in cash and cash equivalents [18] - The company is actively working on building a professionalized sales operation to convert its reach into high-value brand partnerships [7] Q&A Session Summary Question: How does the addition of Greg Sherrill as President of Sales change the go-to-market strategy? - Management indicated that the strategy will shift to a more proactive approach in securing ad dollars from major agencies, moving from a defensive to an offensive strategy [21][23] Question: How might Rumble Shorts serve as a catalyst for advertising revenue? - Management plans to initially keep advertising off Rumble Shorts to maximize growth, with a strategy to integrate ads later in the year [24][25] Question: What is the current relationship with Dan Bongino? - Management confirmed that Dan Bongino's content is now exclusively available on Rumble, differing from prior arrangements [26] Question: What are the drivers behind advertising sales growth? - Management expects ad sales to ramp up later in 2026, with a focus on securing bookings and monetizing inventory through new ad units [41] Question: What is the status of the Northern Data acquisition? - Management confirmed that the acquisition is on track to close in Q2 2026, with all processes running on schedule [34] Question: How will Tether's $150 million commitment be prioritized? - Management stated that Tether will be treated like any other customer, with a focus on fulfilling their demand while also accommodating other clients [51][53]

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenues of $100.6 million, an increase of 5% compared to $95.5 million in 2024, marking the first time achieving the $100 million milestone [12] - In Q4 2025, revenues were $27.1 million, a sequential increase of 9% from $24.8 million in Q3 2025, but a year-over-year decrease of $3.2 million [13] - Average Revenue Per User (ARPU) increased to $0.46 for Q4, up 2% sequentially from Q3 2025 [14] - Adjusted EBITDA loss for Q4 was $16 million, compared to a loss of $13.4 million in Q4 2024, while the full year adjusted EBITDA loss improved to $74.3 million from $92.1 million in 2024 [15] Business Line Data and Key Metrics Changes - Audience monetization revenues decreased by $5.5 million in Q4, driven by lower advertising, tipping, and platform hosting fees, partially offset by a $2.7 million increase in subscription and licensing fees [13] - Cost of services in Q4 decreased 26% year-over-year to $25.6 million, primarily due to an $8.8 million reduction in programming and content expenses [14] Market Data and Key Metrics Changes - Monthly Active Users (MAUs) reached 52 million for Q4, an 11% sequential increase from Q3, primarily driven by international growth [14] - The company noted that international monetization remains low compared to the U.S. market, indicating potential for future growth [29] Company Strategy and Development Direction - The company is focused on aggressive growth, particularly in video and cloud services, with the launch of Rumble Shorts and the acquisition of Northern Data expected to be transformative [3][9] - The strategy includes leveraging a $100 million advertising commitment from Tether to attract major influencers and podcasters to the platform [8] - The company aims to reposition itself within the advertising ecosystem and build a professionalized sales operation to convert its reach into high-value brand partnerships [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth returning as the company enters a midterm election year, with a strong state for the video platform to capture audience growth [11] - The acquisition of Northern Data is expected to close in Q2 2026, which management believes will redefine the company's revenue profile [11] - Management highlighted the strong demand for GPU-as-a-service and the positive reception from customers and suppliers regarding the Northern Data acquisition [10] Other Important Information - The company ended the quarter with total liquidity of $256.4 million, including $237.9 million in cash and cash equivalents and $18.5 million in Bitcoin holdings [16] - The company plans to market Rumble Shorts heavily due to its early success, which includes breaking the 1 million unique video views milestone in a single day shortly after launch [6] Q&A Session Summary Question: How does the addition of Greg Sherrill as President of Sales change the go-to-market strategy? - Management indicated that the strategy will shift to a more proactive approach in securing ad dollars from major agencies, moving away from a previously defensive stance [19][20] Question: How might Rumble Shorts serve as a catalyst for advertising revenue? - Management plans to keep advertising off Rumble Shorts initially to focus on growth, with plans to integrate ads later in the year [22][23] Question: What is the status of the Northern Data acquisition? - Management confirmed that the acquisition is on track to close in Q2 2026, with all processes running on schedule [32][33] Question: How will Tether's commitment be prioritized? - Management stated that Tether will be treated like any other customer, with the intent to grow the business and meet demand from all clients [51][53] Question: What is the potential for NFL business in cloud services? - Management sees long-term potential in the sports sector as teams begin to utilize cloud services for data analysis and content storage [55][56]

One was Netflix that has 325 million subscribers that if they were had basically acquired WBD would have been twice the size of the nearest competitor. Uh with us when you put basically HBO Max and Paramount Plus together you know once you ddup for the overlap you're a little bit under 200 million subscribers to contextualize Disney's 195 million subscribers Amazon's 200 that creates a healthier ecosystem that gives consumers more choice in terms of what they want to pay for. It's going to be a significantl ...

One was Netflix that has 325 million subscribers that if they were had basically acquired WBD would have been twice the size of the nearest competitor. Uh with us when you put basically HBO Max and Paramount Plus together you know once you ddup for the overlap you're a little bit under 200 million subscribers to contextualize Disney's 195 million subscribers Amazon's 200 that creates a healthier ecosystem that gives consumers more choice in terms of what they want to pay for. It's going to be a significantl ...

When it really comes to editorial independence will absolutely be maintained. It's maintained at CBS. It'll be maintained at CNN.And really who we want to talk to is the 70% of Americans and really around the world that identify as center left at center right. And we want to be in the truth business. We want to be in the trust business.And that's not going to change. ...

Paramount CEO David Ellison called CNN “an incredible brand with an incredible team” and said, “we absolutely believe in the independence that needs to be maintained obviously for those incredible journalists, and we want to support that going forward.” “We’re going to invest in the news business. And we think this transaction will be a positive for both CBS News and CNN,” he added during an interview on CNBC Thursday. He was responding to a question about employees of CNN being concerned about their futur ...

Netflix CFO Spencer Neumann said the company has plenty of room for growth despite its decision not to stay in the running to acquire Warner Bros. Discovery. “Even though we’re pretty big, we’re pretty small,” the exec said at the Morgan Stanley Technology, Media & Telecom Conference. Elaborating, he continued, “Every way we look at our addressable market, we’re still less than 10% view share in every country in which we operate. We’re about 7% of the addressable revenue market. So, we’re small in kind of ...

President Donald Trump acquired between $600k and $1.25 million worth of Netflix bonds in two transactions in January, according to a disclosure today on the website of the U.S. Office Of Government Ethics. The filing shows a purchase worth $500k to $1 million on January 2 and another worth $100k-$250k on January 20. Trump previously acquired $500k to $1 million in Netflix bonds in December after the company signed a deal with Warner Bros. Discovery. Following a noisy takeover battle, WBD terminated that a ...

Warner Bros. & Paramount Skydance Sports LibraryThe combination of Warner Bros. and Paramount Skydance brings together two companies that have streaming platforms, cable TV channels and sports rights. Together, the companies will share those items and look to get the best bang for their buck from subscribers and advertisers.Together, the two companies will have many sports rights, including the following:Other rights owned between the two companies include other college sports rights and many international ...

All3Media is the studio behind hit show The Traitors The British production group behind The Traitors has struck an $8bn (£6bn) deal to merge with French rival Banijay Entertainment. All3Media confirmed the tie-up with the studio behind Peaky Blinders on Tuesday, in a deal to create the world’s largest independent TV maker. The combined group, called Banijay, will be responsible for producing more than 170 shows and events across Europe. This will include shows such as MasterChef, Fleabag, Gogglebox a ...