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Rumble Sends Letter to London Stock Exchange CEO Regarding Russell 3000 Exclusion
GlobeNewswire News Room· 2024-06-13 20:19
~ Alerts CEO of Errors by Staff in the Determination for Company Additions ~ ~ Refusal to Correct Obvious Errors Does a Disservice to all Investors in the Russell 3000 ~ Letter Sent by Rumble to London Stock Exchange Group I would like to alert you to errors by the staff of the London Stock Exchange Group (LSEG) in connection with the determination of the Russell 3000 Index. Despite our repeated requests, LSEG staff have failed to address obvious errors in their calculations of the voting rights of Rumble I ...
Rumble Stock Gets Ready to Rumble in its Second Quarter
marketbeat.com· 2024-05-21 11:00
Key Points After building up its core product portfolio, the video-sharing platform Rumble Inc. NASDAQ: RUM has been gearing up to accelerate its monetization. Rumble prides itself on offering a censorship-free social media video platform. This has attracted a right-wing conservative crowd charged up for a very political 2024 with the upcoming presidential elections. Shares of the computer and technology sector disruptor have been elevated due to its association with Donald Trump supporters, as it tends to ...
“Breaking Points” Podcast Launches on Rumble
globenewswire.com· 2024-05-20 12:00
Rumble ramps up its position as the premier platform for politics with the addition of the popular news commentary podcast. LONGBOAT KEY, Fla., May 20, 2024 (GLOBE NEWSWIRE) -- Rumble, the video-sharing platform (NASDAQ: RUM) and cloud services provider, today announced that the podcast "Breaking Points" is making Locals and Rumble its new subscription provider. The full show will be available to paying community members on Locals, Rumble's subscription platform, where paying subscribers will have members-o ...
Rumble (RUM) - 2024 Q1 - Earnings Call Transcript
2024-05-15 00:22
Rumble Inc. (NASDAQ:RUM) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Shannon Devine - Investor Relations Chris Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Tyler Hughes - COO Conference Call Participants Jason Helfstein - Oppenheimer Tom Forte - Maxim Group Operator Greetings. Welcome to Rumble Inc. First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal present ...
Rumble (RUM) - 2024 Q1 - Quarterly Report
2024-05-14 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40079 RUMBLE INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...
Rumble (RUM) - 2024 Q1 - Quarterly Results
2024-05-14 20:05
Financial Performance - Revenue for Q1 2024 was $17.7 million, a 1% increase from $17.6 million in Q1 2023, with $3.2 million attributed to higher other services and cloud[8] - Revenues for Q1 2024 were $17,733,456, a slight increase from $17,615,375 in Q1 2023, representing a growth of approximately 0.67%[27] - Total expenses for Q1 2024 were $57,737,998, up from $41,243,759 in Q1 2023, indicating an increase of about 39.97%[27] - The net loss for Q1 2024 was $43,290,040, compared to a net loss of $28,668,113 in Q1 2023, reflecting an increase in losses of approximately 50.94%[27] - The company reported a loss per share of $0.21 for Q1 2024, compared to a loss per share of $0.14 in Q1 2023[27] User Engagement - Average global Monthly Active Users (MAUs) were 50 million in Q1 2024, down from 67 million in Q4 2023, marking the ninth consecutive quarter above 40 million[3] - Estimated Minutes Watched Per Month (MWPM) decreased to 8.6 billion in Q1 2024 from 10.5 billion in Q4 2023, attributed to bandwidth consumption shifting to the company's proprietary CDN[3] - Hours of uploaded video per day increased by 11% to 12,429 in Q1 2024 compared to Q1 2023, but decreased by 1% from Q4 2023[19] Cash and Assets - Cash, cash equivalents, and marketable securities balance was approximately $183.8 million as of March 31, 2024[13] - Cash and cash equivalents decreased to $182,699,695 as of March 31, 2024, down from $218,338,658 at the end of 2023, a decline of about 16.3%[29] - The company’s total assets were $263,006,564 as of March 31, 2024, down from $295,712,888 at the end of 2023, a decrease of approximately 11.1%[29] Expenses and Investments - Research and development expenses increased by 73% to $4.5 million in Q1 2024 compared to Q1 2023[11] - Research and development expenses rose to $4,527,792 in Q1 2024, compared to $2,617,659 in Q1 2023, marking an increase of approximately 72.96%[27] - Share-based compensation expense totaled $4,762,894 in Q1 2024, significantly higher than $2,309,210 in Q1 2023, an increase of approximately 106.06%[27] Strategic Initiatives - Rumble launched Rumble Cloud in March 2024, providing a new revenue stream in the public cloud market[7] - A strategic partnership with Barstool Sports was announced, combining Rumble's solutions with Barstool's content library[7] Legal Matters - The company filed a second antitrust lawsuit against Google, with damages estimated in excess of $1 billion[4] Future Outlook - The company expects a sequential increase in revenue starting in Q2 2024, moving towards breakeven in 2025[14]
Rumble (RUM) - 2023 Q4 - Earnings Call Transcript
2024-03-28 00:50
Rumble Inc. (NASDAQ:RUM) Q4 2023 Earnings Conference Call March 27, 2024 5:00 PM ET Company Participants Shannon Devine - Investor Relations Chris Pavlovski - Founder and Chief Executive Officer Brandon Alexandroff - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer & Co. Tom Forte - Maxim Group Operator Greetings. Welcome to Rumble Inc. Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the ...
Rumble (RUM) - 2023 Q4 - Annual Report
2024-03-27 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40079 RUMBLE INC. (Exact name of registrant as specified in its charter) | Delaware | 85-1087461 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorp ...
Rumble (RUM) - 2023 Q4 - Annual Results
2024-03-27 20:05
Exhibit 99.1 Rumble Reports Fourth Quarter and Full Year 2023 Results ~ Full Year 2023 Revenue Increased 106% to $81.0 Million ~ ~ Fourth Quarter Average Monthly Active Users Sequentially Increased 16% to 67 Million ~ ~ Achieved Company's Largest Milestone To-Date with Public Launch of Rumble Cloud ~ LONGBOAT KEY, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Rumble Inc. (Nasdaq: RUM) ("Rumble" or the "Company"), the video sharing platform and cloud services provider, today announced financial results for the fi ...
Rumble (RUM) - 2023 Q3 - Earnings Call Transcript
2023-11-14 05:00
Rumble Inc. (NASDAQ:RUM) Q3 2023 Earnings Conference Call November 13, 2023 5:00 PM ET Company Participants Shannon Devine - IR Christopher Pavlovski - Founder, Chairman and CEO Brandon Alexandroff - CFO Tyler Hughes - COO Conference Call Participants Thomas Forte - D.A. Davidson Jason Helfstein - Oppenheimer & Co. Operator Ladies and gentlemen, greetings, and welcome to the Rumble, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. ...