Rumble Inc. Q3 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

  • Total Revenue: $18 million, up from $11 million in Q3 2022. The 64% YoY increase was driven by $2.3 million growth in advertising revenue and $4.7 million in licensing and other revenue.
  • Cloud Initiatives: Rumble launched its Rumble Cloud beta in September 2023, ahead of schedule. The platform leverages excess infrastructure capacity built to support Rumble Video and targets businesses dissatisfied with traditional cloud providers.
  • Video Platform Enhancements: Rumble Studio (formerly Callin) entered beta and integrates live stream production with monetization via the Rumble Advertising Center (RAC). This combination is intended to allow creators to access sponsorship opportunities in real-time during streams, while streaming on multiple platforms.
  • Monetization Strategy: Rumble is transitioning from manual sponsorship sales and guaranteed payments to scalable monetization tools with RAC and Rumble Studio. These tools are anticipated to significantly reduce guaranteed creator payments by end of 2024 and improve profitability.
  • Audience Metrics: Rumble has grown to 58 million monthly active users. According to ComScore, the platform’s largest political segment is independents/no party affiliation, followed by Democrats and Republicans, demonstrating content and audience diversification.

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, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Shannon Devine, Investor Relations. 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 third 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? Christopher Pavlovski: Hello, and thank you for joining us today. The third quarter was strong for our business as we continue to deliver on our commitments to build our video and cloud platforms and get ready to scale monetiz

Continue Reading

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

Upgrade to Professional