Financial Data and Key Metrics Changes - For the full year of 2024, the company reported revenues of $95.5 million, an increase of 18% compared to $81 million in 2023 [22] - In the fourth quarter of 2024, revenues reached $30.2 million, up from $20.4 million in Q4 2023, marking an increase of $9.8 million [23] - Adjusted EBITDA for Q4 2024 was $13.4 million, a 55% improvement compared to a loss of $30 million in Q4 2023 [25] - The company ended the year with approximately $114 million in cash, cash equivalents, and marketable securities, down from $132 million as of September 30, 2024 [27] Business Line Data and Key Metrics Changes - The increase in audience monetization revenues was mainly due to higher revenue from advertising, subscription, tipping fees, licensing, and platform hosting [23] - The average revenue per user (ARPU) was $0.39 for Q4, compared to $0.33 in Q3 2024, reflecting higher advertising and subscription revenue [24] - Cost of services decreased to $34.5 million for Q4 compared to $39.5 million in Q4 2023, primarily due to a reduction in programming and content costs [24] Market Data and Key Metrics Changes - Monthly Active Users (MAUs) in the US and Canada jumped 21% from 43 million in Q3 to 52 million in Q4 2024 [11] - The company was the top destination for live independent creator election coverage, indicating strong market positioning [7] Company Strategy and Development Direction - The company plans to leverage a $775 million strategic investment from Tether to accelerate international expansion and enhance its media platform [13][15] - A partnership with the government of El Salvador is expected to help build the company's presence in international markets [16] - The company aims to become the leading media platform in the crypto community, with plans to develop a Rumble wallet in collaboration with Tether [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing the potential for advertising headwinds to turn into tailwinds due to a favorable political environment [9] - The company anticipates revenue growth of at least 25% in Q1 2025 compared to Q1 2024 [28] - Management highlighted the importance of the Tether partnership in enhancing confidence and providing resources for growth [70][74] Other Important Information - The company has successfully monetized over $750 million in precious metals through its platform over the last three years [12] - The company is focused on moving towards adjusted EBITDA breakeven in 2025, with the Tether investment providing increased flexibility for business initiatives [26] Q&A Session Summary Question: Impact of Dan Bongino's new role on MAUs and engagement metrics - Management noted that they are unaware of any other content creators taking on roles that would affect their ability to provide content, and they have successfully transitioned audience engagement following Bongino's departure [33][38] Question: Strategy behind Bitcoin treasury purchases - The company has adopted a Bitcoin treasury strategy of up to $20 million, having invested around $17.1 million to align with the community and as a long-term investment [40][42] Question: Development of the Rumble wallet and Tether's strategic rationale - Tether is collaborating on the Rumble wallet, with both parties sharing development costs, aiming to facilitate international market entry and enhance advertising opportunities [46][49] Question: Engagement and monetization expectations for Q1 - Management indicated that MAUs have remained stable post-election, with improved product offerings contributing to better retention and engagement [55] Question: Attractiveness of the platform for content providers - The company has improved its product suite, which has led to better margins and increased interest from content creators, including high-profile figures [61][66] Question: Confidence in the business outlook - Management expressed confidence due to the partnership with Tether and the positive outcomes from the recent election cycle, anticipating significant growth opportunities [70][74]