Rumble Inc. Q2 FY2025 Earnings Call

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  • Monthly Active Users (MAUs): Held steady at 51 million for the quarter, marking the eighth straight quarter above 50 million. This performance is above the Google Universal Analytics Q2 2023 post-midterm numbers, despite the absence of Dan Bongino, Rumble’s top live streamer.
  • Revenue: Total revenue of $25.1 million, up 12% year-over-year and sequentially up quarter-over-quarter. Key drivers included a $1.7 million increase in audience monetization and $0.9 million from other initiatives, particularly Rumble’s Cloud business.
  • ARPU (Average Revenue Per User): Reached $0.42, a 24% sequential increase, driven by growth in subscriptions and licensing revenues.
  • Costs & Profitability:
    • Cost of services declined 26% YoY to $26.5 million, benefitting from a $10.1 million reduction in programming/content-related expenses.
    • Adjusted EBITDA loss improved to $20.5 million, down from $28.7 million in Q2 2024.
    • Cash used: $17.5 million during the quarter. Ending liquidity stood at $306.4 million, including $283.8 million in cash and $22.6 million in Bitcoin.

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Operator: Good morning, ladies and gentlemen, and welcome to Rumble Inc. Second Quarter 2025 Earnings Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to 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; and Brandon Alexandroff, CFO. A press release detailing our second quarter 2025 results was released yesterday and available on the Investor Relations section of our website. Before we begin the formal presentation, I would like to remind everyone that statements made on this call 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 call and should be considered in conjunction with the company's cautionary statements in our earnings release and the factors included in our filings with the SEC. Future company updates will be available via press release and the company's identified social media channels. I will now turn the call over to Rumble's Founder, Chairman and CEO, Chris Pavlovski. Christopher Pavlovski: Thanks, Shannon. Let's get right to it. Many of you yesterday saw the press release regarding our intent to acquire AI company, Northern Data. I'm not going to be able to discuss that potential transaction during this briefing or answer any questions in the Q&A session.

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