Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenues of $23.7 million, an increase of CAD 6 million or 34% compared to CAD 17.7 million in Q1 2024 [15] - Adjusted EBITDA loss for Q1 2025 was $22.7 million, a 14% improvement compared to a loss of $26.5 million in Q1 2024 [18] - The company ended the quarter with $301.3 million in cash and cash equivalents, a significant increase from $114 million at the end of 2024 [18] Business Line Data and Key Metrics Changes - Rumble Video achieved 59 million monthly active users (MAUs) in Q1 2025, with an 87% retention rate from Q4 2024, a significant improvement from 60% retention in Q1 2023 [6][7] - Rumble Ads is seeing traction with notable partnerships, including campaigns with Netflix, Crypto.com, and Chevron [8][9] - Rumble Cloud announced a partnership with the government of El Salvador and is expanding into the sports vertical with the Tampa Bay Buccaneers [11][12] Market Data and Key Metrics Changes - The company is focusing on international markets with the development of RumbleWallet, aiming to monetize these markets through crypto transactions [10][11] - The demand for crypto transactions is expected to grow, particularly in international markets where users prefer to transact in cryptocurrency [28] Company Strategy and Development Direction - The company is committed to its core products: Rumble Video, Rumble Ads, and Rumble Cloud, while also exploring mergers and acquisitions as a strategic focus for 2025 [13] - RumbleWallet is positioned to compete with Coinbase, aiming to become a prominent non-custodial Bitcoin and stablecoin wallet [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the advertising business turning into tailwinds with the new U.S. administration and noted the positive feedback from brand partnerships [8][34] - The company aims to move towards adjusted EBITDA breakeven in 2025, supported by the recent capital infusion from Tether [18] Other Important Information - The company is localizing its video product for various languages to support the international launch of RumbleWallet [10] - The increase in general and administrative expenses was primarily due to one-time payroll events related to executive departures [16][17] Q&A Session Summary Question: Bitcoin treasury strategy and liquidity - Management approved up to $20 million for Bitcoin purchases, with no further strategy announced at this time [23][25] Question: Rumble Wallet's market positioning - Rumble Wallet aims to serve creators and users by facilitating crypto transactions, particularly in international markets [27][28] Question: Integration of Bitcoin and crypto into the business model - Management believes that Bitcoin and crypto initiatives will complement the existing business rather than change it [30] Question: Brand partnerships details - Positive feedback was received from the Netflix campaign, with ongoing campaigns for Chevron and Crypto.com [34] Question: M&A strategy - The company is open to evaluating strategic opportunities as they arise, with no specific details provided [36]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenues of $23.7 million, an increase of CAD 6 million or 34% compared to CAD 17.7 million in Q1 2024 [15] - Adjusted EBITDA loss for Q1 2025 was $22.7 million, a 14% improvement from a loss of $26.5 million in Q1 2024 [17] - The company ended the quarter with $301.3 million in cash and cash equivalents, significantly up from $114 million at the end of 2024 [18] Business Line Data and Key Metrics Changes - Rumble Video achieved 59 million monthly active users (MAUs) in Q1 2025, with an 87% retention rate from Q4 2024, a significant improvement from 60% retention in Q1 2023 [5][6] - Rumble Ads is seeing traction with notable partnerships, including campaigns with Netflix, Crypto.com, and Chevron [7][8] - Rumble Cloud announced a partnership with the government of El Salvador and is expanding into the sports vertical with the Tampa Bay Buccaneers [11][12] Market Data and Key Metrics Changes - The company is focusing on international markets with the development of RumbleWallet, aiming to monetize these markets through crypto transactions [10] - The demand for crypto transactions is expected to grow, particularly in international markets where users prefer to transact in cryptocurrency [26] Company Strategy and Development Direction - The company is committed to enhancing its core products: Rumble Video, Rumble Ads, and Rumble Cloud, while also exploring mergers and acquisitions [13] - RumbleWallet is positioned as a major growth opportunity, aiming to compete with Coinbase and serve the creator economy [10][11] - The management sees the cloud business as having significant potential, especially with government partnerships [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the advertising business turning into tailwinds with the new U.S. administration [7] - The company aims to move towards adjusted EBITDA breakeven in 2025, supported by the recent capital infusion from Tether [17] - The management highlighted the importance of the creator economy and the demand for crypto payments as a competitive advantage [28] Other Important Information - The company is actively working on localizing its video product for international markets to support the launch of RumbleWallet [10] - The increase in general and administrative expenses was primarily due to one-time payroll events related to executive departures [16] Q&A Session Summary Question: What are the goals for the Bitcoin treasury and its relation to cash liquidity? - The board approved up to $20 million for Bitcoin purchases, with no further strategy announced at this time [22] Question: What are the use cases for the Rumble Wallet compared to competitors? - The Rumble Wallet aims to serve creators who prefer to be paid in Bitcoin or stablecoins, leveraging trust and demand from creators [25][26] Question: Can you provide details on brand partnerships and initial feedback? - The company received positive feedback from a campaign with Netflix and is currently working with Chevron and Crypto.com [31] Question: What are the M&A interests for the company? - The company is focused on evaluating strategic opportunities as they arise, with no specific details provided [33]

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]