Company Overview - Streaming platform Rumble has launched a Bitcoin tipping feature that allows users to donate directly to creators and influencers in BTC, introduced at the Lugano PlanB event [1][2] - The feature enables creators to receive Bitcoin payments directly from viewers, expanding Rumble's monetization options [3] Industry Trends - Video platforms are increasingly adopting crypto-based payment systems to facilitate faster, borderless transactions as creators attract global audiences [4] - Rumble's initiative aligns with the growing corporate adoption of cryptocurrencies in the US, highlighted by JP Morgan's announcement to accept Bitcoin and Ethereum as collateral for institutional loans [4] Market Insights - Bitcoin price stabilized near $111,600, with a 1.5% intraday gain, although trading volume dropped 42% to $30.6 billion, indicating limited large buyer activity [5] - Derivatives market data shows a significant skew towards bullish positions, with long contracts worth $7.83 billion compared to $5.2 billion in active shorts [6] - Analysts suggest that if Bitcoin breaks through the resistance level of $112,310, it may experience a smooth upward trajectory towards $114,000, while failure to maintain momentum could lead to price corrections [7]

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]