Rumble Inc. Q2 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

Key Financial Highlights
  • Revenue: $25 million (Record Quarterly Revenue), up over 468% year-over-year from $4.4 million in Q2 2022.
  • Advertising Revenue: Increased by $18 million YoY, driven by greater content consumption and new solutions like host-read ads via RAC (Rumble Advertising Center).
  • Licensing and Other Revenue: Up $2.6 million YoY due to subscriptions, licensing, tipping, and hosting fees.
  • Cost of Services: $40.8 million, compared to $4.2 million in Q2 2022. This includes:
    • $35 million increase in programming/content costs (creator incentives and contracts).
    • $700,000 hosting expense increase.
    • $1 million increase in other service costs.
  • Cash Position: $296.7 million in cash, cash equivalents, and marketable securities (down from $338.3 million as of Dec 31, 2022).
Platform Metrics & User Growth
  • Average Monthly Active Users (MAUs): 44 million.
  • Engagement: Estimated 11.8 billion average minutes watched per month — an all-time high.
  • Significant growth in 18–25 demographic, attributed to expansion into new content verticals (digital sports, cultural influencers).

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Ladies and gentlemen, greetings, and welcome to the Rumble Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. It is now my pleasure to introduce your host, Shannon Devine, Investor Relations for Rumble. Please go ahead. Shannon Devine: Thank you, operator. I’m here today with Chris Pavlovski, Founder, Chairman and CEO of Rumble; Brandon Alexandroff, the CFO; and Tyler Hughes, the COO. A press release detailing our second quarter 2023 results was released today and is available on the Investor Relations section of our company website. Before we begin the formal presentation, I would like to remind everyone that statements made on the call and webcast may include predictions, estimates or other information that might be considered forward-looking. All forward-looking statements are made only as of the date of this webcast and should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our filings with the SEC. Future company updates will be available via press releases and via the company’s identified social media channels. I will now turn the call over to Rumble’s Founder, Chairman and CEO, Chris Pavlovski. Chris Pavlovski: Hello, and thank you for joining us today. The second quarter of 2023 marks one of the most revealing quarters in the history of Rumble. Our business model is working and starting to provide exceptional results ahead of ou

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional